FAQ

You are able to claim 26 percent tax credit! This credit also requires no limit, unlike previous years!

You must purchase a wood or pellet unit that exceeds 75% efficacy during 2021 - 2022!

You will claim your tax credit whenever you complete your federal tax return for the year in which you made your qualifying appliance purchase.

Total Cost of Materials: 

Stove, venting and optional accessories used in conjunction with the operation on the appliance

Installation Cost: 

All charges associated with installation on new heating appliances

- For instance, a consumer purchasing a $3,500 pellet-burning appliance with a $1,000 installation cost would receive a tax-credit of $1,170 ($3,500 + $1,000 x 0.26).

We post every month, the amount of posts is determined by the quantity of industry news and updates

We keep your information in order to provide you with monthly updates. Unfortunately, since the Sec. 25(D) of the U.S. Internal Revenue Code is the first time the US Federal government has Instituted an extraordinary Tax Credit on Biomass!

Keep the sales receipt as well as the manufacturer’s certificate that clearly identifies the appliances 75% or greater higher heating value (HHV). 

Appliance manufacturers are required to provide a certificate clearly identifying their models that are eligible for the tax credit. Be sure to confirm that you have this certificate after your purchase has been made as it will be required as supporting documentation when you claim your credit on your taxes!

Look for the credits section of your tax software. Within the credits section look for "homeownership and residential energy credit".

This tax credit will require the filing of IRS form 5695 (Residential Energy

Efficient Property Credit) with your federal return. The form has not yet

been updated for the 2021 tax season. Subscribe to biomasstaxcredit.com for updates on the required forms!