It looks as though the tax credit may remain but to a lesser extent. Anyone wishing me to forward them the complete email can email me at [email protected]
"Last night, the House voted 177 to 148 in favor of the $858 billion Tax Cut Compromise Package of 2010 which reduces the biomass heater tax credit to 10% with a $300 cap. The bill now goes to the White House for the President's signature. Another significant change that further restricts the tax credit for biomass appliances is that Congress removed the lower heating value measurement and only allows the credit towards the purchase price and not for installation.
Energy efficiency provisions were shortchanged even further by a clause that says the $500 tax credit is a lifetime maximum, meaning that if a homeowner has used this credit anytime since 2005, it cannot be used again. During the past 2 years, the credit up to $1,500 could be used regardless of whether the family has used the credit between 2005 and 2009."
"Last night, the House voted 177 to 148 in favor of the $858 billion Tax Cut Compromise Package of 2010 which reduces the biomass heater tax credit to 10% with a $300 cap. The bill now goes to the White House for the President's signature. Another significant change that further restricts the tax credit for biomass appliances is that Congress removed the lower heating value measurement and only allows the credit towards the purchase price and not for installation.
Energy efficiency provisions were shortchanged even further by a clause that says the $500 tax credit is a lifetime maximum, meaning that if a homeowner has used this credit anytime since 2005, it cannot be used again. During the past 2 years, the credit up to $1,500 could be used regardless of whether the family has used the credit between 2005 and 2009."