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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, it’s possible to install a wood-burning stove through the wall. The process is similar to venting the stove through the ceiling, but you’ll need to be careful of electrical wiring, plumbing, studs, and other potential obstructions in your walls. If you’re not comfortable with this type of work, call a professional who installs wood-burning stoves.

Although they provide heat, light, and atmosphere, pellet stoves require electricity to run certain parts, which some homeowners may find to be an unfortunate additional expense. They can also produce noises that some may find annoying, like a low rumble from the blower fan or its motor.

Fireplace inserts have several potential disadvantages. The cost of the insert and its installation can be a significant investment, as the process can be complicated and expensive, particularly if modifications to the existing fireplace are necessary. Aesthetically, some people find that inserts lack the traditional look and authentic ambiance of an open, crackling fire. There are also ongoing costs for maintenance, cleaning, and fuel. Fuel type can be a limitation; for example, an insert may be unusable if you don't have access to its specific fuel source. Maintenance and repairs can also require specialized services, especially for gas or electric models. Finally, while an insert is more efficient than an open fireplace, it may not heat a home as evenly as a central HVAC system.