Now is the best time to purchase a high efficiency wood or pellet burning stove or insert. You’ll save 26% not only on the cost of the Stove but the Materials, and Installation Labor as well.
To find out which products qualify please contact The Fireplace Showcase.
Tax credit applies to the purchase of all qualifying biomass-fueled heaters on installations completed prior to December 31, 2023. Qualifying products include 2020 EPA certified wood stoves or inserts with a listed efficiency of 75% or better.
Any qualifying product ordered in 2020, but not installed and paid for until 2021, qualifies for the new credit under Section 25(D) on a 2021 tax return. Products may be claimed on the tax return year in which the purchase and installation is completed.
The new tax credit is 26% of the purchase and installation costs, including labor, for tax years 2021 and 2022 & 22% for 2023 (no cap or lifetime limit).
For more information, contact The Fireplace Showcase.