Tax Credit

[Turbo-Quad]

Is it just me or are the prices of pellet stoves drifting down now that the tax incentive is gone. Seems like Washers and dryers did the same thing. I always suspected the dealers raised the price when the incentives hit, but it seemed to coincide with the more automated evolution of the stoves.

 

[ChrisWNY]

Prices will go down, no doubt. Every item has a price point at which it sells best, I'm guessing the cost of pellet burners was hiked as a result of the tax incentive because dealers/manufacturers know that customers are subtracting from the MSRP based on the % tax credit.

 

[Fsappo]

Our prices stayed the same before, during and after the tax credit...but thats just us.

 

[ARGlock]

What's the deal on the new tax credit for 2011 that I heard about? Is it 10% up to 500.00 or is it $500/ stove?

Thanks,

AR

 

[livefreeordie]

Have a look at this link

https://www.hearth.com/econtent/index.php/forums/viewthread/67571/

 

[Fsappo]

We dont know anything yet about the new tax credit, just rumors and props. I'm guessing it will be 10% up to 3-500 bucks..but thats just a guess. I'm just telling folks that have bought stoves from me so far this year to call me in the spring for updates and I'll give them the info and whatever documentation they need at that time.

 

[Snowy Rivers]

Not sure about the tax credit thing, but the prices on places like craigs list for used stoves has gone waaaaaaaaaaay up

Last year I bought and sold several used stoves, keeping two nice ones for our own use and selling the others.

A stove model that I bought last year for $200 I see listed on Craigs for $700
Now I dont know how readily these are selling.

Also saw what apeared to be some real TRASH priced pretty high.

With the cost of heating oil and such where it is, the market is bound to react to the pressure of these things.

Tax credits are always a "carrot" being dangled me thinks.

Under some cicumstances I suppose this is a good thing. Sadly the government finances are in rotten shape, and to be offereing basically free $$$$$ makes little sense.

Another stimulus ploy I guess.

Snowy

 

[Turbo-Quad]

I watch craigslist pretty regularly and I think the price increases on it are seasonal. I saw pellet stoves going dirt cheap in the summer and the sames stoves that didn't sell then are still on there for twice the price they were wanting in the summer. Funny thing is they are still on there so must not be selling.

 

[Mr. Heat Miser]

What's the deal on the new tax credit for 2011 that I heard about? Is it 10% up to 500.00 or is it $500/ stove?

Thanks,

AR

I just read on Harman's website that the 2011 tax credit is 10% up to $300.00. Glad I decided to buy my stove before 12/31/2010. It was 30% up to $1500.

http://www.harmanstoves.com/taxcredit/stimulus-tax-credit-stove.asp