New Tax Credit for Biomass Stoves
We have some good news: this week, members of the U.S. House of Representatives introduced a new tax policy bill that includes a very generous incentive for purchasing a new biomass heater such as a woodstove!
What is it? The new investment tax credit would cover up to 30 percent of the purchase and installation costs of a biomass heater that is at least 75 percent efficient per the higher heating value (HHV) of the fuel. That’s a lot more money than the now-expired stove tax credit, and this credit would cover any qualifying biomass heater (stove, insert, furnace, hydronic heater).
Now, the challenge: Congress has to pass this bill into law! Please take a minute to send a message to your members of Congress right now urging them to pass this bill.
Help us make this tax credit happen!
Please contact Rachel Feinstein if you have any questions.
Thank you for your attention to this important development and making your voice heard.