Information from the HPBA

The tax credit for biomass heating appliances has again been extended through to 2032.

Applicable systems, whether they are stoves purchased to heat space or larger, whole-home heating systems, will now qualify for a renewable energy investment tax credit (Section 25(C) of the Internal Revenue Code). Beginning in 2023, consumers buying highly efficient wood or pellet stoves will be able to claim a 30% tax credit, capped at $2,000 annually. The credit is for appliances installed between January 1, 2023 and December 31, 2032. to be eligible for this credit, the appliance must have a thermal efficiency of at least 75% (HHV).

List of eligible Pellet Stoves and Inserts manufactured by Sherwood Industries

(Please consult your tax advisor to determine whether you qualify for any potential income tax credits
or visit the Hearth, Patio & Barbecue’s website for more information.)

Enviro