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Chimney liners often benefit from insulation, though it is not always required. Insulation helps improve the liner's efficiency by keeping flue gasses hotter, which enhances draft and reduces creosote buildup. It also prevents condensation, which can lead to corrosion. Insulation is important for chimneys on exterior walls or in colder climates. Some building codes may require insulation, so checking local regulations is essential.

A fireplace is, by definition, an enclosed space where you burn wood or other fuel for the purpose of generating light and heat. A firepit burns wood and is much less expensive to build, but they aren’t technically a fireplace as it isn’t enclosed. An outdoor oven—commonly outdoor brick pizza ovens—often uses wood as fuel, but its primary purpose is to cook food, and you’d rarely just burn wood inside them for warmth or aesthetic reasons.

Modern gas fireplaces are relatively efficient and don't burn excessive amounts of gas, especially compared to older models. A gas fireplace might use between 10,000 to 40,000 BTUs per hour; the total amount of gas used depends on the fireplace's size, heat output, and how often it's in use. To help keep your running costs down, consider using a thermostat and turning off the fireplace when not needed to minimize gas consumption

Like any other household appliance, electric fireplaces can wear out after about 10 to 20 years. With more frequent use, the parts will wear out quicker, and you may get just 7 to 10 years out of a well-loved electric fireplace. Fortunately, electric fireplaces come with a lower upfront installation cost compared to alternatives like gas, so you can install a replacement for less.