Energy Tax Credit Extended for Biomass stoves
Homeowners have until end of 2020 to receive credit for these stoves that burn wood, pellets, and agricultural waste
MADISON, Wis. -- The energy tax credit for installation of biomass stoves has been extended until the end of this year, according to Energy Star. Biomass stoves burn wood, pellets, and agricultural waste. To qualify for a credit, a stove must be certified at 75% energy efficiency.
The $300 credit only modestly offsets the cost of a stove (which can cost from $1,500 to $3,000, not including the chimney). To receive the credit, homeowners must by submit IRS Form 5695.
Energy Star is the federal agency that oversees the program, but the tax credits are administered by the IRS. More information is available at energystar.gov.