Beware: These are a waste of your money. Even $1 a day sure adds up. This is one expensive space heater...
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Electric Space Heaters and Scams
Ads made to look like news stories abound for “Amish style” fireplaces, a “miracle device” that supposedly can slash your heating bills. In actuality, the appliance is simply a space heater hidden inside a false fireplace with a wooden mantle.
Many electric space heaters are rated at 1,500 watts. This rating is how much power the space heater uses. You are billed for each kilowatt hour of electricity you consume. A thousand watts is equal to one kilowatt, so 1,500 watts is equal to 1.5 kilowatts.
This means for each hour the space heater is running it consumes 1.5 kilowatt hours of electricity, which costs about 15 cents. Doesn’t sound like much, does it? But running that heater nonstop is a surefire way to increase your bill. If you ran one 1,500 watt space heater for 24 hours a day for a single month it would cost about $104. That’s on top of your normal bill.
So where are the savings that are often touted on such items?
An electric space heater can save money, but only if you reduce the running time of your electric furnace or other primary heating system. A space heater could reduce your electric bill, for instance, if you lowered the thermostat on your electric furnace from 72 F to 66 F and used the space heater to heat a single occupied room up to a comfortable temperature. If, however, you’re using the space heater to heat an area of your home normally not heated such as an enclosed deck, then the space heater is simply an additional cost.
Electric space heaters can provide an effective and simple means of heating that cold, unconditioned tool shed, bedroom or other relatively small space, but they should never be allowed to run 24 hours a day and you should always keep in mind the cost of operating such a piece of equipment.
Sources: ConsumerAffairs.com, Cooperative Research Network, Consumer Report