This paper presents the results of a study conducted to verify the possibility of generating power using stove-fireplaces with heat accumulation systems. In such units, the temperature of the flue gas should be kept at a certain level for the purposes of storing heat, which results from certain limitations of the thermoelectric generators. To verify the possibility of applying thermoelectric modules in such heating devices, a dedicated system with thermoelectric generators was selected from among various microcogeneration systems and implemented. Three types of heat exchangers were studied and the most efficient unit was selected for further testing. Two types of generators, with maximum operating temperatures of 320 and 175 °C, were compared. Subsequently, the characteristics of the latter were determined. The conducted tests allowed to determine the performance and the total efficiency of the generators that were used. It has been demonstrated that the maximum power of the generator would not exceed ca. 30 We and that there is no economic justification for such a device. However, providing a self-powered and self-sufficient operation of stove-fireplaces with heat accumulation systems remains an important goal.