While spinning, the blades store a miniscule amount of kinetic energy.
After removing power even that small amount ends up as heat through friction ( both in the bearing but mostly in the air turbulence). And the blades end up in the same zero energy state: sitting still.
So it is correct that a 100% "end up" as heat
Most of that energy gets transfered to the air that's being moved by the blades, and who knows what that air does eventually. And we're not even talking about the plant growing light that might be sitting in my room near my house plants literally creating new life from electricity.