Where I live (rural Ontario), propane costs somewhere around $2500/year for heat. Hydro costs about $4000. The sane people stick to wood, which if you cut and split it yourself will keep to under $1000. We have disconnected all the electric heaters in my house (except for the newly-installed radiant-heat floor in the bathroom, because it's a luxury I'm willing to splurge on) and only fire up the second woodstove for those weeks it drops below -20.