electric heater buying advice

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NJC, your 100% efficiency assumption on electric is good. Any losses (like the fan) are lost to heat... which is what you want anyway.

A 70% gas furnace (I know just an assumption) is due for upgrade consideration. I think about 80% is the worst you can get these days.
 
If you go to a place like Home Depot, you'll find a number of different brands of small electric heaters. None of them will be rated for more than 1,500 watts, because above that the wattage may be too much for the typical home, garage, shed, etc., wiring to handle. You will NOT have to pay $100-200 for one -- it will be a lot less than $100. They're all about the same in efficiency. If you need to, you can always buy and run two of them, but make sure that each is on a different circuit. If your "shanty", as you call it, is not too big and is well insullated, two of the heaters will heat it up. Even one may do the job. I have a well-insullated 28x32' garage and a 1,500 watt electric heater (in addition to a wood stove). When the temp is between 0-40 degrees outside the electric heater will increase the garage temp by about 2 degrees per hour. I don't know how high the heater will get (and maintain) the indoor temp at a given outdoor temp. I've never tried it, though I plan to some day. If its not too cold in the garage, I often turn the electric heater on and aim it right at me when I'm working in a specific part of the garage, rather than firing up the wood stove and heating the whole garage.
 
I have a 30k btu 'blue flame' ventless indoor propane heater as a backup, and a 4 ft electric baseboard heater for occasional use in the garage or in the cars. It's screwed to a length of 1x12, which allows me to place it on the seats in a vehicle to warm it up when needed, typically as a deicer/defroster on colder days. As I recall I got the highest output available for 120v, and it I liked it as it had different heat settings. Neighbors have borrowed it to dry out rooms that flooded due to frozen pipes.
 
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