| 10% Tax Credit For Pellet Stoves |
Economic Stimulus Bill Promotes Renewable EnergyNew Legislation Increases Tax Credit for HomeownersTax Credit Frequently Asked Questions (HPBA.org) Arlington, VA – February 17, 2009: The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 signed into law today by President Obama includes a 10% tax credit (up to $1,500) for the purchase in 2011 of a 75%-efficient biomass-burning stove as measured using a lower heating value. The tax credit provisions are an extension of the tax credits for energy efficiency into 2011, BUT at lower levels. The levels revert back to those in effect in 2006 and 2007, which were 10% of the cost of the improvement, up to $500, with a $200 max for windows, and several other set maximums. Highlights:
The Hearth, Patio & Barbecue Association (HPBA), in conjunction with the Pellet Fuels Institute (PFI), worked to educate elected officials and their staffs on the benefits and energy efficiency of wood and pellet stoves. As the cost of heating oil and natural gas rise, this tax credit will help consumers save on energy costs. “This stimulus legislation supports renewable energy and will help consumers control their winter heating costs,” said Jack Goldman, president of HPBA. “It is a great example of how the hearth industry can work in Washington and on a grassroots level and help pass good legislation. With the long-term rise in home heating prices, this tax credit will help alleviate some of the initial cost for those consumers wanting to purchase a 75%-efficient wood or pellet stove next year.” The Hearth, Patio & Barbecue Association (HPBA), based in Arlington, VA, is the North American industry association for manufacturers, retailers, distributors, representatives, service firms and allied associates for all types of hearth, barbecue and patio appliances, fuels and accessories. For more information on HPBA and the tax credit developments, go to www.hpba.org. |
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Empyre Elite SeriesEmpyre Elite indoor wood boilers deliver all the comfort and convenience of conventional furnaces while protecting the environment for the next generation to enjoy. Empyre Elite furnaces combine high efficiency heating technology and low emission smoke-free combustion with a readily accessible and renewable fuel to make wood the heating choice of the future
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Empyre Pro SeriesThe Empyre Pro Series is leading the way in new high efficiency clean burning technology. For you, this efficiency means savings all around. The Pro Series burns cordwood, a renewable resource and easily accessible in many areas; the Pro Series requires no splitting of wood. Although the firebox is smaller and requires less wood, it maintains burn times comparable to conventional outdoor furnaces at the same output, leaving you with less work and more time. Contact Us today to learn more about "The Empyre Pro Series" |
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10% Tax Credit
December 31, 2011
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 signed into law by
President Obama includes a 10% tax credit (up to $500) for the
purchase in 2011 of a 75%-efficient biomass-burning stove...
