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Wood Pellet Tax Credit

wood and pellet 30% federal tax credit. save 30% on purchase and installation

30% Federal Tax Credit Wood Stove Changeout & Incentive Program

A wood stove changeout program is a voluntary program initiated at the local, state or regional level that provides eligible communities incentives to positively impact air quality. Residents of participating communities can receive rebates, low/no interest loans and/or discounts to replace their old appliances, with newer, more efficient wood or pellet stoves and fireplaces. Beginning in 2023, consumers buying highly efficient wood or pellet stoves or larger residential biomass heating systems may be eligible to claim a 30% tax credit – capped at $2,000 annually – based on the full cost (purchase and installation) of the unit. For any questions, please call our team at 608-929-4887.

save 30% on purchase and installation of select wood and pellet units with the new federal tax credit. up to $2,000 annually

 

What is this new tax credit?

Effective Dates: The new tax credit under Sec. 25(C) of the U.S. Internal Revenue Code (“IRC” or “tax code”) is effect on January 1, 2023 for qualifying purchases and installations completed on or after that date, through December 31, 2032.

Credit Amount: Creates a new tax credit of 30 percent of the purchase and installation costs (with a $2,000 annual cap with no lifetime limit) for tax years 2023 through 2032.

Qualifying Products: Qualifying products (any biomass-fueled heater) must have a thermal efficiency of at least 75 percent per the higher heating value (HHV) of the fuel

The EPA Certified wood heater database may be referenced (not all products on the EPA list qualify. Look for products with efficiencies of at least 75%)

A manufacturer certification statement attesting that product qualifies can also be relied upon

Models That Qualify

To learn more about this Tax Credit, give our professionals a call or contact us here. We will be happy to guide you to the right stove or fireplace for your home that qualifies for the tax credit.

Visit us, meet our people here in Highland, WI and discover why our "destination" Hearth & Home Store is well worth the drive!

(608) 929-4887

Chimney Specialists Inc
869 Main Street, Highland, WI 53543

Mon – Fri: 8:00 am – 4:30 pm
Saturdays: 9:00 am – 1:00 pm
Other times by special appointment

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