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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.

Pellet stoves are safer than wood stoves in many ways. They don’t produce as many creosote deposits as wood stoves do, they create less smoke, and the flames are contained, decreasing the risk of any sparks or embers creating a house fire. Pellet stoves also burn more cleanly and efficiently than wood stoves do.

While most stoves won’t last two decades, some do! Gas stoves and pellet stoves are more likely to go the distance than electric stoves or induction cooktops, and maintenance can go a long way toward increasing longevity.

If you're looking for supplemental heating for your home, an electric fireplace can be worth purchasing. A prefab, freestanding model will only set you back a few hundred dollars and can help to heat up drafty or cooler rooms. Electric fireplaces don't have the maintenance requirements of gas or wood-burning fireplaces and don't require you to buy wood or other fuel.