Pellet Stove Tax Credit

GrahamInVa · Mar 2, 2012

I am getting my tax stuff together and trying to figure out if the cost of my vent pipe would be included in the credit. anyone know?

I looked around and haven't come up with anything. It just says not to include installation. Is that just labor?

GrahamInVa · Mar 2, 2012

Never mind.. I found it. Only the purchase price.

Q: What about the hearth, stovepipe, chimney parts & labor I'll need to complete the installation? 10%?
A: Nope, in the 2011 version, the 10% credit applies to the price of the stove only.

mepellet · Mar 2, 2012

And in my case since I got more than $500 last year (2010 tax year) for replacing my windows, I get nothing at all for credit for purchasing my stove last fall....

tjnamtiw · Mar 2, 2012

It makes me happy I bought mine when I did and got the $1500 credit including installation! For ONCE things fell my way! Very rare.

bbfarm · Mar 2, 2012

by us buying used we still got a tax credit this year.

If we would have bought new last year we would have spent $2500 more than we did this year with figuring in a $1500 tax credit.

tjnamtiw · Mar 3, 2012

bbfarm said:
by us buying used we still got a tax credit this year.

If we would have bought new last year we would have spent $2500 more than we did this year with figuring in a $1500 tax credit.

Then you are definitely the big winner! The used stoves that show up down here in Ga on Craigslist are so overpriced that it's crazy.

bbfarm · Mar 3, 2012

We got our stove, heath pad, all venting, cleaning tools, thermostat, fancy pellet bucket and just over 2 tons of pellets for $2000. installed ourselves.

The same model stove with all that minus the pellets, cleaning tools and bucket but including installation was about $4000 at a dealer.

smoke show · Mar 3, 2012

Sometimes ya gotta let someone else pay the depreciation. ;-)

yooper81 · Mar 3, 2012

Didn't matter what I spent because according to my preparer all I was getting from uncle Sam was $150.... Last year 2010 return, would have gotten me much more.

pelletash · Mar 3, 2012

I can claim $105 for this year. I had a $395 credit in 2006 for windows. Oh well, a hundred bucks is better than nothing.

Ejectr · Mar 3, 2012

I got $300 for my PF100 pellet furnace. Looks like the max it will buy for cost is $2,000 regardless whether it was mor or not.

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Pellet Stove Tax Credit

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