1500 watt appliance on constantly, uses 1.5 kilowatthour, but that is if it is always on/heating
so it depends on your current price, look at your electric bill
if 7 cents per kWh, then $2.52 per day is its CONSTANTLY heating
if 15 cents...$5.40 per day if constantly heating
but i highly doubt it will have to be on that much, or even 12 hours at day
if you can afford a 300 gallon sump, i doubt that thousand bucks extra a year matters