If you've been thinking of buying a new wood or pellet stove soon, then this may be the year.
The 2009 Economic Stimulus legislation signed into law on Feb. 17, 2009, in the U.S. offers a 30% tax credit (up to $1,500) if you purchase a 75%-efficient biomass-burning stove in 2009 or 2010. This includes wood, pellet, and corn stoves.
The tax credit is designed to help homeowners save on energy costs while utilizing renewable biomass fuels such as corn, wood, and wood pellets.
You will need to check carefully into the models you're considering, as only stoves with at least 75% fuel efficiency will qualify. The IRS is supposed to issue the full list of requirements by March 31, 2009. In the meantime, you can start browsing around!
A good company to look at is Lennox. I have dealt with them quite often and they actually have a tax credit listing next to any of their fireplace inserts or stoves that are eligible for the tax credit on their website. Also a quality company been around for a long time.
Posted by: Texaschimneypro | September 14, 2009 at 06:47 PM