Biomass Stove Tax Credit

Information from the HPBA

The tax credit for biomass heating appliances has again been extended through 2023.
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(D) of the Internal Revenue Code). Beginning in 2021, consumers buying highly efficient wood or pellet stoves will be able to claim a 26% tax credit. The credit will remain at 26% through 2021 and 2022, and then step down to 22 percent in 2023. This provision applies to residential biomass heating equipment that are at least 75% efficient and purchased before December 31st, 2023. Please refer to the HPBA website for further information.
List of eligible Pellet Stoves and Inserts manufactured by Sherwood Industries
Model
Tested Efficiency
Type
Enviro – EF2-1 (EF2-1-FS, EF2-1-FPI)
77%
Pellet
Enviro – MAXX-1
77.6%
Pellet
Enviro – Meridian (EFMFS-2, EFMFSC-2, EFMFPI-2)
75%
Pellet
Enviro – Mini-2
80%
Pellet
Enviro – P3-2
80%
Pellet
(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.)