Tax Credits…
Save energy costs and
Contribute to a greener Earth by heating all or part of your home with biomass fuels.
U.S. homeowners who purchase a 75%-efficient biomass (wood or pellet) burning stove, fireplace or insert during 2009 or 2010 can receive a U.S. federal tax credit for 30% of their cost, up to $1,500.
Tax Credits for Biomass Fireplaces & Stoves
Receive a Tax Credit of up to $1500
The American Recovery and Reinvestment Act of 2009 (Recovery Act) signed into law on February 17, 2009, includes a 30% consumer tax credit (up to $1,500) for the purchase of 75%-efficient bio-mass burning stoves (i.e. wood and pellets) and can be used towards the cost of the stove, venting, hearthpads and installation costs for the 2010 taxable year on purchases made before December 31st, 2010.
The new tax credit applies to qualifying bio-mass burning stoves purchased in 2009 or 2010; the Internal Revenue Service (IRS) has issued a full list of efficiency guidelines regarding which products qualify.
Wood Inserts
$1,500 Federal Tax Credit The American Recovery and Reinvestment Act of 2009 signed into law on February 17, 2009, includes a 30% consumer tax credit (up to $1,500) for the purchase of any 75%+ efficient bio-mass burning stoves (i.e. wood and pellets) for the 2009 taxable year and again in 2010. Certain Wood Stoves and Wood Inserts exceed the 75% efficiency standard and qualify for the Federal Tax Credit program.
Updated as of 11/11/2010
The American Recovery and Reinvestment Act of 2009 (Recovery Act) signed into law on February 17, 2009, includes a 30% consumer tax credit (up to $1,500) for the purchase of 75%-efficient bio-mass burning stoves (i.e. wood and pellets) and can be used towards the stove, venting, hearthpads and installation costs for the 2009 taxable year and again in 2010.
The new tax credit begins immediately and applies to qualifying bio-mass burning stoves already purchased in 2009; the Internal Revenue Service (IRS) has issued a full list of efficiency guidelines regarding which products qualify.
