I agree. It's likely far cheaper to insulate the whole basement. Total of 1000W heaters for 180 days at 25 cents/Kw-hr will cost $1080. Yikes! But heaters usually cycle on/off rather than providing heat 100% of the time, so running half-time would cost half that.
Some years ago, we found that insulating our whole basement with about $300 of fiberglass pink (back then) more than paid for itself during the 1st winter alone (avg. $4K/yr electric bill), and it also made the upstairs feel more comfy. Sealing all the little air leaks (gaps, cracks, etc.) with expanding foam worked wonders, stopping cold drafts.
FWIW, ConEd sometimes offered to subsidize cost of energy saving stuff, and did an energy audit for us, so they helped show us what/where to fix. Do they still do that?
Would this help?: http://www.mge.com/home/basements.htm
Some years ago, we found that insulating our whole basement with about $300 of fiberglass pink (back then) more than paid for itself during the 1st winter alone (avg. $4K/yr electric bill), and it also made the upstairs feel more comfy. Sealing all the little air leaks (gaps, cracks, etc.) with expanding foam worked wonders, stopping cold drafts.
FWIW, ConEd sometimes offered to subsidize cost of energy saving stuff, and did an energy audit for us, so they helped show us what/where to fix. Do they still do that?
Would this help?: http://www.mge.com/home/basements.htm