The Energy Tax Credits for biomass heating appliances were extended into 2011, but with some changes. To find out which of our American Energy Systems appliances qualify for the 2011 Energy Tax Credit, visit our products page complete with our Energy Efficiency Certificate.
The HPBA recently sent out information on the 2011 Energy Tax Credit as it applies to biomass stove purchases. To learn more about the Hearth, Patio, and Barbecue Association, (HPBA), you can visit their website.
Here’s the summary supplied by the HPBA, “On December 17, 2010, President Obama signed a bill that extended many of the consumer tax credits into 2011 to help boost the slowly recovering economy. The tax credit for the purchase of a biomass-burning stove was extended, but with additional restrictions. The tax credit for 2011 is structured as follows: 1) a 10% tax credit, capped at $300, for a 75% efficient biomass stove; 2) the lower heating value (LHV) efficiency measure was removed; 3) the credit applies to purchase price only, not installation; and 4) tax credit is for 2011 only. HPBA encourages all members to check with their tax advisors for further clarity.”
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