Tax Credits renewed!-Wood and Pellet Stoves

webbie Posted By webbie, Jan 2, 2013 at 12:35 PM

  1. webbie

    Seasoned Moderator 2.
    Staff Member

    Nov 17, 2005
    Western Mass.

    Wednesday, January 2, 2013

    Federal Tax Credit for Wood Stoves Reinstated

    Yesterday, Congress passed a bill addressing parts of the Fiscal Cliff, and it included a one-year reinstatement of the $300 tax credit for biomass heaters that are 75% efficient using lower heating value. Another provision of the bill extended the wind production tax credit for one more year.
    Note that many states also have additional tax credits. Mass, for instance, has this new one for change-outs of older stoves.
    DIY_HOME, smokinj, tbuff and 6 others like this.

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