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Wood is classified as either hardwood or softwood. For firewood, hardwoods are generally the best choice as they tend to burn longer, hotter, and produce less smoke than softwoods. Recommended hardwoods include oak, hickory, maple, cherry, ash, beech, birch, elm, and walnut. Oak is a particularly good option as it's widely available, slow-burning, and doesn't produce much smoke or sparks. Some woods, like oak, hickory, and cherry, also emit a pleasant scent. It is best to avoid softwoods such as eucalyptus, poplar, and willow, as they create a lot of smoke and have a high moisture content that makes them difficult to light and burn efficiently.

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.

Fireplaces can theoretically help you save on heating bills if you lower the temperature throughout the rest of your home and heat only a single room that you occupy using the fireplace. However, in most cases, homeowners won’t save any money on heating bills. Gas and electric fireplace inserts could actually lead to a spike in your respective energy bills if you use them frequently, and if you don’t keep up with chimney maintenance and repairs, your traditional masonry fireplace could actually be a source of heat loss in the winter.

Outdoor fireplaces are extremely sturdy if constructed correctly, but they do require regular maintenance. The good news is that cleaning and checking the fireplace needs to be done just once a year. However, for safety reasons, let a professional clean the fireplace. Homeowners should expect to pay between $100 and $300 for outdoor fireplace maintenance. Any damage to the fireplace itself, however, will cost much more to repair.