Depending on the type and quality of the fireplace, the cost of adding an electric fireplace to your home can range from affordable to jaw-droppingly expensive. Fixr shares that the national average for electric fireplace installation, which includes the unit and electrician to wire it, is $750.
While this number may not seem so absurd, Fixr does acknowledge that homeowners who want a custom, built-in installation that requires added electrical, tile, and masonry work can expect to spend up to $10,000. In fact, Dreifuss Fireplaces notes that the cost of an electric fireplace before installation can be nearly doubled for commercial-grade models with prices going up as high as $20,000.
Aside from installation, prospective electric fireplace owners need to take other factors into account. While it’s obvious that electric fireplaces are going to increase your electricity bill, there are some hidden costs that can also affect the cost of ownership with time. So, if you’re in the market for a fireplace in your new home, here are some things you should definitely consider.
