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A gas fireplace insert costs about $3,600 to install, on average. The cost to install a gas log insert ranges from about $700 to $6,500, depending on the size, type of insert, how it works, and heating needs. Gas fireplaces need electrical and gas lines installed properly, so hiring a pro is recommended rather than trying to DIY installation.

Some types of electric fireplaces use more electricity than others. Models that produce 1,500 watts will have more of an effect on your heating bill than 750-watt models. 

Electric fireplaces use an average of $1.85 of electricity every eight hours. These minimal operational costs aren’t likely to make a big difference in your electric bill—unless you’re using it as a primary heating source for your home and it’s running most of the time.

Yes, gas fireplaces can increase your home's value by as much as 12%. They are a sought-after feature because they burn cleaner, provide more warmth, and are more convenient than wood-burning fireplaces. Modern gas inserts can also provide the traditional aesthetic appeal that buyers like. To ensure the highest return on investment, perform regular maintenance and schedule annual professional inspections.

A liter of bioethanol costs $11 and burns for around four hours, making it cost around $2.75 per hour to keep your bioethanol fireplace running. For comparison, natural gas costs around $0.50 per hour, and propane costs around $1.60 per hour. 

How much it costs you to run your bioethanol fireplace largely depends on how often you use it. Hypothetically speaking, if you run your fireplace for four hours a week year-round, you’ll go through one liter of biofuel per week or about $570 per year to run the fireplace.