Tax Credit for Modern Wood & Pellet Heat

This credit

  • Is for 30% of purchase AND installation costs beginning in 2023

  • Has a $2,000 cap on the credit for any one year.

  • Can be redeemed each year.

  • Is for wood/pellet stove’s with an HHV efficiency rating of 75% or higher.

What qualifies?

  • Purchase and installation costs of appliance and venting/chimney can count towards the credit.

  • Purchase and fully installed in the year that the credit is taken.

  • Any wood heater that burns biomass as a fuel, heats air or water, and is at least 75% efficient, per the higher heating value (HHV) of the fuel.