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Wood Stove Tax Credit

If you’re considering a home-improvement project that will cut energy costs, it’s not too late to take advantage of special federal tax credits. But be aware that time is running out.

A federal tax credit on 75 percent efficient biomass heating appliances, which expired on December 31, 2011, was reinstated by the "fiscal cliff" legislation, the American Taxpayer Relief Act of 2012 (H.R. 8), signed by President Obama on January 2, 2013. The bill includes a "tax extender" for Internal Revenue Service Section 25C which provides a tax credit for, among many other things, qualifying biomass burning stoves. 

Maryland to Give Rebates for Wood & Pellet Stoves

Energy efficiency improvements are great for lowering electric bills. But sometimes the up-front cost can be a drawback. Since 2005, Congress has enacted a series of tax breaks for consumers who take steps to make their homes more energy efficient. In December, the outgoing 111th Congress approved extending some popular efficiency tax credits through Dec. 31, 2011, although at greatly reduced levels. More

Update from HPBA (Hearth, Patio and Barbeque Association)

On December 17, 2010, President Obama signed a bill that extended many of the consumer tax credits into 2011 to help boost the slowly recovering economy.

The government has extended the Tax Credit in 2011, but the amount of credit is much lower, changing to 10% of the price of the appliance only, not including labor, up to $300.

Homeowners have until the end of the year to make improvements that qualify for a federal energy-efficiency tax credit. Such improvements include insulation upgrades as well as heating and air-conditioning equipment. This isn't to say homeowners' incentives for energy efficiency will go away for good after this year. Some efforts are underway in Washington to extend the credit. A separate bill slowly working through Congress would provide similar and possibly bigger breaks. More

Homeowners have until the end of the year to make improvements that qualify for a federal energy-efficiency tax credit, including insulation upgrades and purchases of heating and air-conditioning equipment. That isn't to say incentives for home energy efficiency will go away for good. There are efforts under way in Washington to extend the credit, and a separate bill slowly working through Congress would provide similar and possibly bigger breaks. More

Q: What is a federal consumer tax credit?A: The American Recovery and Reinvestment Act of 2009 includes a credit of 30% (up to $1500) for the purchase of a 75% efficient biomass burning stove.

On June 1, 2009, the Internal Revenue Service (IRS) finally issued its guidance for the 30% consumer tax credit (up to $1500) for the purchase and installation of a 75-percent efficient biomass-burning stove.

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