Yes, the electric furnaces are expensive for they consume a lot of electricity which is more expensive than fuel sources such as gas and oil. However, the cost is determined by the hours of operation and the voltage demands for the furnace.
Using an electric furnace for heating rather not profitable because the cost of electricity is significantly higher than gas, coal, fuel oil and other fossil fuels. Because electric furnaces are mainly used in places where there is no posibility to use other types.
As the electric furnaces consumes a lot of electricity which is more expensive than gas,coal,fuel oil and other fossil fuels it is regarded as expensive.The cost of electric furnaces is determined by the hours of operation and voltage demand of furnaces.
Due to electricity generation and transmission losses, electric heat is more expensive than heat produced using combustion appliances, and thus makes natural gas, propane, and oil furnaces more afordable.
