- Sep 19, 2012
- 26
My husband and I purchased our VC Montpelier insert last year in October. At the time, I was unaware that they had extended the tax credit for efficient wood burning stoves. Now that I know, I'm planning on filing an amended tax return to take advantage of the $300 credit for 2012.
However, the credit clearly states that only stoves with an efficiency rating of >75% are eligible for the credit. I could not find any information on VC's website about the rating for this insert so I looked for the paperwork from when I had it installed. The energy guide tag that came with the user manual has an arrow on the "efficiency" column that spans between ~59%-65% with an asterisk next to it. Under the asterisk it says "NOT TESTED FOR EFFICIENCY - The value indicated is for similar non-catalytic wood heaters".
I searched the forums and it seems that others have taken the tax credit for the VC Montpelier, but without a definite efficiency rating to go by, how do I prove that it's eligible in the event of an audit? Sorry if this question has been asked before. Thanks in advance for all your help!
However, the credit clearly states that only stoves with an efficiency rating of >75% are eligible for the credit. I could not find any information on VC's website about the rating for this insert so I looked for the paperwork from when I had it installed. The energy guide tag that came with the user manual has an arrow on the "efficiency" column that spans between ~59%-65% with an asterisk next to it. Under the asterisk it says "NOT TESTED FOR EFFICIENCY - The value indicated is for similar non-catalytic wood heaters".
I searched the forums and it seems that others have taken the tax credit for the VC Montpelier, but without a definite efficiency rating to go by, how do I prove that it's eligible in the event of an audit? Sorry if this question has been asked before. Thanks in advance for all your help!