AW-871604776

Biomass Stove Tax Credit

 

tax-credit-banner.jpg

 

Overview

Effective January 1, 2023 through December 31, 2032 wood and pellet burning stoves and inserts with an average higher heating value (HHV) efficiency of at least 75% are eligible for a 30% tax credit, capped at $2,000 annually. The total cost of the hearth product and installation are included with the 30% tax credit.

The qualifying wood and pellet products must be claimed on the tax return year in which the product installation (not purchase) is completed.

How to Claim the Tax Credit

• Tax paying consumers can submit for this tax credit under Section 25(C) of the Internal Revenue Code (“IRC” or “tax code”). They will need a copy of the invoice for the product purchase and installation (venting, floor protection, and labor) costs, and the manufacturer’s certificate showing the qualifying wood or pellet product.

• For more information visit https://www.hpba.org/Advocacy/Biomass-Stove-Tax-Credit.

Learn More About Biomass Benefits

Click to watch a short video. 

Manufacturer’s Certificate

Products