Saturday, September 26, 2009

Wood Stove Tax Credit

Now through the end of the calendar year 2010 you can receive a tax credit for a biomass fuel stove used for heat or for heating water. The credit is 30% of the cost of the actual woodstove (installation included) up to $1500. You can purchase more than one stove and receive credit on both of them -- up to $1500. The stoves must have a thermal efficiency rating of at least 75% as measured using a lower heating value.

The law defines "biomass fuel" as any plant-derived fuel available on a renewable or recurring basis, including agricultural crops and trees, wood and wood waste and residues (including wood pellets), plant (including aquatic plants), grasses, residues, and fibers.


We do not know of a comprehensive list of qualified biomass stoves. The best way to find stoves that qualify for the tax credit is to ask your retailer. To verify tax credit eligibility, ask your retailer to provide the Manufacturer's Certification Statement (a signed statement from the manufacturer certifying that the product or component qualifies for the tax credit) for the stove you plan to purchase or search on the Manufacturer's website.

Shelter Institute carries a number of wood stoves that qualify for the tax refund and we are happy to provide price and availability. Please call (207-442-7938) or email for additional information.

2 comments:

  1. nice article about the wood stoves. when purchasing a wood burner,you have to compare among different suppliers.

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  2. The stoves must have a thermal efficiency rating of at least 75% as measured using a lower heating value, an efficient stove.

    ReplyDelete