Yes. If you compare a MagikFlame electric fireplace costs roughly $450 less per year to run than central heating. That cost will be $610 less per year than running space heaters. Compared to a forced-fan coil-based unit, a MagikFlame saves you $500 each year. At those prices, a $3000 fireplace will pay for itself in 5-7 years. After that, the savings from your lower utility bill go 100% into your pocket. It’s typically more flexible and portable than a home with a u003ca href=u0022http://magikflame.com/learning-center/questions-and-answers/traditional-fireplace/u0022 target=u0022_blanku0022 rel=u0022noreferrer noopeneru0022u003etraditional fireplaceu003c/au003e. Especially when it comes to clean up and maintenance. If you want to understand the utility bill impact, use our u003ca href=u0022http://magikflame.com/learning-center/cost-analysis/electric-fireplace-cost-calculator/u0022 target=u0022_blanku0022 rel=u0022noreferrer noopeneru0022u003eutility cost calculatoru003c/au003e.