This federal tax credit encourages people to make energy-conscious purchases that improve the energy efficiency of their home. It is a $300 dollar-for-dollar tax credit for purchasing a qualifying biomass-burning stove between January 1, 2015 and December 31, 2016. Biomass simply means the stove uses wood or pellet fuel.
Taxpayers may claim the credit on their federal income tax form. The credit is a reduction of total income tax at the bottom of your return of $300. This tax credit is a non-refundable tax credit available for individuals who pay taxes and who make energy-conscious purchases to improve the energy efficiency of their home. To obtain the certificate for the models this tax credit applies to, please download the PDF certificate below.
For more information, please visit: http://www.hpba.org/government-affairs/25c-tax-credit-1