Is there a tax credit for corn, pellet, or wood-burning (biomass) stoves?
There is a federal tax credit for biomass fuel stoves (used for heat or water heating) “placed in service” in 2009 and2010 for 30% of the cost (including installation) up to $1,500. The stoves must have a thermal efficiency rating of at least 75% as measured using a lower heating value. The law defines “biomass fuel” as any plant-derived fuel available on a renewable or recurring basis, including agricultural crops and trees, wood and wood waste and residues (including wood pellets), plant (including aquatic plants), grasses, residues, and fibers. To verify tax credit eligibility make sure you get a Manufacturer’s Certification Statement. (Validation from LMF is required to obtain a Manufacturer’s Certificate, please call or email LMF). What is a Manufacturer’s Certification Statement? A Manufacturer’s Certification Statement is a signed statement from the manufacturer certifying that the product or component qualifies for the tax credit. The IRS encourages manufacturers to provide the
