Uncle Sam is Reinstating the U.S. Tax Credit for Biomass Heaters
In January, the United States Congress passed a bill as part of the Fiscal Cliff legislation that included a reinstatement of a federal tax credit for the purchase of qualified biomass stoves/heaters. So, if you purchase a qualifying stove, insert or fireplace in 2013, you can get a tax credit of $300. And the tax credit was made retroactive, so if you purchased a qualifying unit in 2012, it is eligible for the tax credit as well.
In addition to the purchase price, you can also include the cost of professional installation, which is always recommended for proper and safe operation of stoves.
Featuring the industry’s most advanced technologies for heat efficiencies, the Heatilator Constitution wood-burning fireplace qualifies for the tax credit.
After purchasing your unit, simply download and print the official Manufacturer’s Certificate, which indicates that the product qualifies for the tax credit for preparing your tax return.
Additional information and a list of qualifying products is available here.