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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 do require electricity to power their automated features, such as the pellet feeder, fans, and digital controls. However, their electricity consumption is relatively low compared to other household appliances. During a power outage, pellet stoves equipped with battery backup systems or manual ignition options can still operate, though fans and automatic feed mechanisms may not function. Have a backup heating plan in place for these situations, especially if you live in a region prone to severe weather events.

The cost to rebuild a fireplace varies dramatically depending on what you want to do and the type of fireplace you are rebuilding. A simple electric fireplace can be replaced with ease and at a low cost. On the other end of the spectrum, a wood-burning fireplace could cost well into the tens of thousands. The good news is functioning fireplaces increase your home’s value and are generally a good investment.

If you’re looking for a cost-effective alternative to a traditional chimney, consider having a dummy chimney installed. Dummy chimneys can either be aesthetic-only or fully functional and can be installed on both new and older homes. Whether installed to match your neighborhood’s aesthetic or to vent your chimney, dummy chimneys are made out of a Glass-Reinforced Plastic (GRP) core, then covered with brick or stone slips to look like a traditional chimney.