The Most Affordable Electric Fireplaces in 2023

Electric fireplaces have become more popular over the years for various reasons. One of the main reasons why homeowners choose to add electric fireplaces to their homes is its affordability. Electric fireplaces are much more affordable than traditional fireplaces while still offering the warmth and comfort of a fireplace. In 2023 we have the biggest choice of affordable electric fireplaces on the market. In this article, we will explore the benefits of electric fireplaces and review the most affordable electric fireplaces.


Are Electric Fireplaces Cost-Effective?

It is well known that electric fireplaces are cheaper than traditional fireplaces. However, many wonder if electric fireplaces are as cost-effective as it seems. Overall, the price of electric fireplaces has a wide range. At VeryGoodFireplaces online store you can see various fireplaces under just $800. On the other hand, there are many models with much higher prices. So, unlike traditional fireplaces, electric fireplaces are financially accessible to more people. But how cost-effective are they?

Firstly, the installation cost of an electric fireplace can be as low as zero. In some cases, your only installation costs might be the electrician’s salary and cost of a new outlet. In conclusion, installing an electric fireplace is very affordable. If you want to have a fancy fireplace mantel, even that can be quite cheap with DIY spirit and imagination.

As for day-to-day maintenance of the fireplace, electric fireplace proves to be low-maintenance and cost-effective. One of the major benefits of owning an electric fireplace is lower energy costs when compared to traditional fireplaces. Moreover, electric fireplaces provide greater convenience since they don’t require buying wood or a chimney. Additionally, they don’t produce any smoke or ashes which means no cleanup!

The cost of electric fireplaces varies depending on size and features such as wattage output or heat settings. For example, a freestanding electric fireplace may cost more than a wall-mounted model because it is larger and has more features. However, some smaller models can still pack a punch when it comes to heat output!

When choosing the best electric fireplace for your home, there are several factors to consider such as size, style, wattage output, heat settings, installation costs (if applicable), and safety features. Additionally you may want to consider whether you need additional accessories like remote controls or decorative accents like mantels or surrounds.

The Most Affordable Electric Fireplaces in 2023

VeryGoodFireplaces online store includes various electric fireplaces in any price range. In this article, we will review the best models available under $1000. The best electric fireplaces are chosen based on their appearance, heat output and various features. 

Touchstone Sideline Electric Fireplace

touchstone sidelineSideline 45'' electric fireplace is one of those models that have universal appeal. This is a perfect fireplace for a small apartments since it is meant to be recessed in the wall. However, you can also hung it on the wall if you'd like. Touchstone is famous for its realistic flames and this electric fireplace is no exception. It comes with both crystals and faux log set. If you want to create traditional fireplace vibe, then definitely choose faux log set. In addition to high quality appearance, flames also come in different colors. So, you can change the fireplace appearance according to your mood.
Moreover, this affordable fireplace can also warm up your room. With the 5000 BTUs, it can heat up up to 400 square feet. So, overall this is a great electric fireplace that is affordable and comes with various features. If you have a bigger space, Touchstone Sideline is also available in other sizes. 
Product Highlights
  • 2 heat settings (high and low)
  • Built-in timer mode for shut off in 30 minutes to 7.5 hours.
  • Three color-changing options (orange, blue, and blue-orange)
  • Come with¬†both¬†glass crystals and a faux log set
  • 5,000 BTUs

Dimplex Prism Series 34'' Linear Electric Fireplace

Are you looking for an affordable electric fireplace that also looks luxurious? Then, you should certainly check out Dimplex PRISM Series. Specifically, 34'' linear electric fireplace is an amazing deal. It has a full spectrum of RGB colors that creates truly memorable fire effect. This model is quite versatile in terms of installation options. You could hang it on the wall or have it built-in. Moreover, you can have it plugged in or hard wired. Dimplex PRISM linear electric fireplace has floating LED display for checking the temperature, setting the timer or changing the colors. Additionally, PRISM series features the front glass that is cool to the touch making this model safe and convenient. 
Product Highlights
  • LED flame technology
  • Floating LED display
  • Does not produce¬†particulates or emissions
  • Front glass remains cool to touch
  • 4,163 BTUs

Dynasty Presto 45" Electric Fireplace


Dynasty Presto 45

Dynasty Presto 45" model is the perfect replication of traditional fireplace. This fireplace has very realistic and traditional-looking logs. So, if your home features brick walls and has cozy interior, you cannot go wrong with this electric fireplace. This model is especially exciting because of its various features. Firstly, you can control the heat and flames with remote control. Moreover, you can enjoy the beauty of flames without having the heating on. This is especially convenient if you live in a warmer area where you don't need heat as much.

You can install Dynasty Presto 45" into interior walls as well as in a corner. Additionally, you can enjoy the safety that comes with this electric fireplace. With its blockage/overheat protection and heater timer, you can be sure that your home is safe. Lastly, this model is energy efficient which makes is one of the best affordable electric fireplaces in 2023. 

 Product Highlights
  • Remote control for heat adjustment and flame control
  • Option to have flames without heat
  • No ventilation required
  • Overheat protection
  • 5,200 BTUs


Touchstone Chesmont Black Electric Fireplace

touchstone chesmontChesmont 50" black wall mounted electric fireplace is perfect for creating accent wall and contemporary interior design. Because of its fully finished mantel design, you don't need to worry about creating a frame for your new electric fireplace. However, if you want to create lighter design, this model is also available in white. The three-sided mantel of the fireplace creates a finished look and allows you to add it to any room without major changes. Chesmont 50" has a front heating vent which allows to mount TV above this fireplace. 
Product Highlights
  • Flame display with 60 flame / base color combinations, 5 light intensity settings and 3 flame speeds
  • Remote control for heat and flame adjustment
  • Alexa/Google compatible
  • Cool to the touch glass
  • 5,000 BTUs

Concluding thoughts

Electric fireplaces offer a great way to make your home warmer and cozier. Luckily, they are also more accessible and affordable than traditional fireplaces. However, before purchasing, you should do a research and choose the fireplace insert that fits your needs. When choosing an electric fireplace keep in mind the desired size, heat output preferences, style, installation costs and safety features. In this article, you can find out about the most affordable electric fireplace in 2023. While very different from one another, all of these fireplaces offer convenience and ultimate comfort. 

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