I have one of these. I see it's more expensive than I remembered, or maybe the price is up from two years ago. $350
Dayton G73 5000 Watt Electric Garage Heater
5000 watts, 230V 17,100 BTU
If you were paying .15/KW it will cost about $0.75 per hour to run it on max. Since the heat element likely isn't on all the time, it would be a bit less than that.
I can't really tell you how well it works. I have mine incase I need to be in the detached garage to fix something when it is real cold outside. So far, that hasn't happened.
I have tested it and it gives off very nicely warmed air.
Dave.
Granted my garage is not insulated but 17k BTU is not enough to make much difference to me. I had a 20k BTU heater and you had to be within 1 foot of it to notice much. I would buy at least a 40k BTU heater. I would rather turn it down or off then not be warm enough. We have a unit at work that is similar in a common area that is concrete and brick and very drafty. I cannot tell when it is running, it seems to make no difference at all.