- 2023 – 2032 USA New Biomass Stove 25(C) 30% Tax Credit (capped at $2000)
2022 – 2032 Biomass Stove 25(C) Tax Credit
Tax Credit section and date:
The new US tax credit under Sec. 25(C) of the U.S. Internal Revenue Code (“IRC” or “tax code”) valid from January 1, 2023 to December 31st. 2032.
Qualifying Products:
The new tax credit applies to the purchase of all qualifying biomass-fueled heaters on installations completed prior to December 31, 2032. Qualifying products include 2020 EPA certified wood stoves or inserts with a listed efficiency of 75% or better.
Products may be claimed on the tax return year in which the purchase and installation is completed.
Credit Amount:
The new tax credit is 30% of the purchase and installation costs, including labor, for tax years 2023 and 2032 (capped at $2000).
Note: Please consult your Tax Advisor, prior to purchase, to confirm your eligibility for this tax credit.
Qualifying Products
- King KE40
- Princess PE32
- Sirocco SC30.2
- Sirocco 20.2
- Ashford 30.2
- Ashford 20.2
- Chinook 30.2
- Chinook 20.2
- Boxer 24
- Princess PI29
- Ashford AF25
- Sirocco 25
