Tax Credit

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USA Federal Energy Tax Credit Available on Select Wood and Pellet Burning Products, If Purchased in 2023-2032:

Effective Dates: The new tax credit under Sec. 25(C) of the U.S. Internal Revenue Code (“IRC” or “tax code”) is in effect from January 1, 2023 for qualifying purchases and installations completed on or after that date, through December 31, 2032.
Credit Amount: Creates a new tax credit of 30% (capped at $2000.00) of the purchase and installation costs (including venting, blower, ash pan, trim kits, hearth pad, and labor) for 2023 through 2032 (with no lifetime limit) under Sec. 25C of the U.S. tax code.
Qualifying Products: Any biomass-fueled heater (wood stove, wood insert, pellet stove or pellet insert) and is 75 percent efficient per the higher heating value (HHV) of the fuel.
The credit must be claimed on the tax return year in which the purchase of the product is complete.
Please consult with your Tax Adviser to confirm your eligibility for this Tax Credit.

You will claim your credit when you file your federal income tax return.
Online/Software: Enter it into the Home Ownership & Residential Energy Credit section.
By Mail: Include the manufacturer’s Tax Credit Certificate and Residential Energy Credit Form 5695.
Have a copy of your receipt of purchase.
Have a copy of your product’s qualifying certificate.