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Have not seen on my bill how much this item will cost in terms of it's efficiency yet but as far as its function, appearance, and cost of the unit itself - rating 5 stars. It does, however, take a while to get the heat up in the room - maybe up to an hour or so, but worth it. Has made my winter in cold Chicago a lot more livable and enjoyable so far this year and my pets love it too as they're much more comfy. Thank you!