Tax Credits renewed!-Wood and Pellet Stoves

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Seasoned Moderator
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.
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