US Tax Credits.
$300 Biomass Stove Tax Credit Reinstated for 2012 - 2013
A federal tax credit on 75% efficient biomass heating appliances, which expired on December 31, 2011, was reinstated by the "fiscal cliff" legislation, the American Taxpayer Relief
Act of 2012 (H.R. 8), signed by President Obama on January 2, 2013. The bill includes a "tax extender" for Internal Revenue Service Section 25C which provides a tax credit for, among
many other things, qualifying biomass burning stoves. The extender provides a $300 on a qualifying biomass heating appliance purchased between January 1, 2012 and December 31, 2013.
The credit claimable on the purchase or installation of qualifying biomass units is limited to a "lifetime limit" of $500 (and may be impacted by the purchase or installation of other
products that qualify of a 25C credit).
||LHV Tested Efficiency
||HHV Tested Efficiency
For more information on the current tax credit, please visit: http://www.hpba.org/government-affairs/major-projects/25c-tax-credit