GET UP TO $2000 BACK
WITH A 30% TAX CREDIT FOR BIOMASS STOVES
On January 1, 2023, a new wood and pellet heater investment tax credit became effective for qualifying purchases completed on or after that date, through December 31, 2032. Found under section 25(C) of the tax code as modified by the “Inflation Reduction Act of 2022,” this new credit covers 30% of the purchase and installation costs (up to a $2,000 annual credit) for tax years 2023 through 2032.
Once installation is complete, be sure to keep your receipt, including product and installation costs, and download our 2023-2032 manufacturer’s certificate. You’ll need this to claim your credit. This is a non-refundable tax credit. Please consult your tax advisor prior to purchase to see what this tax credit means for you.
To qualify, the stove or insert must burn a biomass fuel, heat air or water and be at least 75% efficient per the higher heating value (HHV) of the fuel. Installations at primary or secondary residencies can be claimed, and both the purchase and installation costs (venting and related materials, onsite labor) can be included in your total cost.
