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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.

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.

Homeowners may qualify for an HVAC tax credit if they install an ENERGY STAR®-certified HVAC system that exceeds the energy efficiency minimum standards:

• Split-System AC: 16 SEER2

• Packaged AC: 15.2 SEER2 and 11.5 EER2

• Ducted Split Heat Pump: 15.2 SEER2, 7.8 HSPF2, and 11.7 EER2 

• Packaged Heat Pump: 15.2 SEER2, 7.2 HSPF2, and 10.6 EER2

• Mini-Split System: 16 SEER2, 9 HSPF2, and 12 EER2

You can claim up to 30% of the cost of the job, subject to maximums.

STC (Sound Transmission Class) is a rating that describes how well a building material or assembly blocks airborne sound. A higher STC rating means less noise will pass through the material, providing better sound reduction. This rating system applies to various building components, including windows, doors, flooring, drywall, and insulation.

For context, a typical single-pane window has an STC rating of around 25 (where normal conversations are audible), while a well-sealed, double-pane window can exceed STC 45 (blocking loud speech and most music). It is important to note that for some products, like soundproofing drywall, the STC rating refers to the entire wall system, not just the individual panel.

Additionally, STC ratings are most effective for measuring sound reduction at mid-to-high frequencies, such as human speech, and may not accurately reflect how well a material blocks low-frequency sounds like bass music or thunder. Because of these factors, it is recommended to consult a professional to determine the right STC-rated materials for your specific soundproofing needs.