According to the National Association of Home Builders, a fuel-efficient hearth product (stove, fireplace or insert) ranks among the top 3 features desired by new home buyers, so the investment is one of the best you can make in your home. Our decorative electric fireplaces with wood mantels range from $359 – $1999. For professionally installed high-efficiency “zone heating” gas, wood and biofuel/pellet fireplaces, stoves and inserts, you can expect to spend between ~$1300 – ~$6000. Much of this initial investment will be recovered from typical 20% – 40% annual savings in central heating costs.