Renewable Energy Tax Credit for Wood & Pellet Stoves
WOOD & PELLET STOVES AT FLEET FARM
OVERVIEW
The IRS now offers a Renewable Energy Tax Credit for the purchase and installation of biomass stoves.
Biomass stoves burn biomass fuel to heat a home or heat water. Biomass fuel includes wood pellets, wood and wood waste and residues, plants, grasses, residues, fibers, and agricultural crops and trees.
If you purchase or install a wood or pellet stove with a Thermal Efficiency Rating of at least 75%, you will be able to claim a 30%* tax credit
*This tax credit is effective for products purchased and installed between January 1, 2023, and December 31, 2032. Learn More about Biomass Heating and Cooling technologies.