Uncle Sam wants to help you control heating costs by using renewable fuel – and so do we!
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 and place it into service in their home during 2009 or 2010, can receive a U.S. federal tax credit for 30% of their cost, up to $1,500.
Read the official US Department of Energy tax credit details
Many products qualify for the tax credit, which is part of the American Recovery and Reinvestment Act. Contact us for specifics on which stoves qualify for the credit; the stoves we sell feature the most advanced technologies available for heat and fuel efficiency.
After making the purchase, simply download / print the official Manufacturer’s Certificate, which indicates that the product qualifies for the tax credit. You can rely on the certificate when preparing your tax return. It is not required that you submit the certificate or a product sales receipt to the government when filing your taxes, but the IRS requires that you retain them in your personal tax records.
You can call us for details, and here are some manufacturer tax credit details:
Enviro Stoves
Breckwell Stoves
Hearthstone Stoves
Kuma Stoves
Lennox Stoves
Napoleon Stoves
FREQUENTLY ASKED QUESTIONS
Q: What is a tax credit and how does it work? How is it different from a tax deduction?
A: After making the purchase and installing the unit, you claim the credit on your federal tax return. Tax credits are different from tax deductions and in general, are more valuable. A tax credit reduces your tax liability. Depending on your tax situation, a tax credit can reduce the taxes you pay, or increase your tax refund on your tax return dollar-for-dollar. Tax deductions, such as those for mortgage insurance and charitable giving, lower your taxable income.
Q: When did the tax credit go into effect and how long will it last?
A: The tax credit went into effect January 1, 2009, and is valid for qualifying purchases during 2009 and 2010. The unit must be placed into service during 2009 or 2010, whichever year you are claiming the credit.
Q: How do I know if a product qualifies for the credit?
A: Contact us, or research on the manufacturer website.
Q: Does the 30% tax credit apply toward costs incurred for required installation labor and piping?
A: Yes.