Federal Tax Credit

     Effective January 1st, 2021, a new Wood and Pellet Heater Investment Tax Credit came into effect for qualifying purchases completed on or after that date, through December 31, 2023. Found under section 25(D) of the tax code, this new credit covers 26 percent of the purchase and installation costs (with no cap or lifetime limit) for tax years 2021 and 2022; moving down to 22 percent of purchase and installation costs in 2023.

To qualify, the stove or insert must burn biomass as a fuel, heat air or water, and be at least 75 percent efficient per the higher heating value of the fuel. Installations at primary or secondary residencies can be claimed, and both the purchase and installation costs (venting and related materials, onsite labor) can be included in your total cost.

Comfoirtbilt pellets stoves information:

     To get started, connect with your local authorized ComfortBilt dealer with questions and to determine a qualifying selection that best meets your heating needs. Once installation is complete, be sure to keep your receipt, including product and installation, and download and save our 2021-2023 manufacturer’s certificate so you can claim the credit without issue.

Did you make a qualifying purchase in 2018-2020? Download your tax certificate here.