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$1500 Tax Credit
$1500 Tax Credit
$1500 Pellet & Wood Stove Tax Rebate
SAVE UP TO $1,500 WITH THE PURCHASE OF ANY QUALIFIYING WOOD PELLET OR MULTI-FUEL STOVE - FROM CAPE ANN CHIMNEY AND HEARTH.
- You want to reduce your heating costs....
- We want you to reduce your heating costs....
- And now Uncle Sam wants you to reduce your heating costs...
- by using renewable/bio fuels.
Now you can 1) Get a tax credit, 2) Lower you heating costs, and 3) Contribute to a greener earth all at once.
Background and Summary:
The American Recovery and Reinvestment Act of 2009 (Recovery Act) signed into law on February 17, 2009, includes a 30% consumer tax credit (up to $1,500 total) for the purchase of new 75% thermally efficient bio-mass burning stoves (i.e. wood pellets and multi-fuels). This is for purchases made from 1/1/2009 to 12/31/2010. The credit can be used towards the stove and installation costs. The credit applies to new equipment, in an existing principle residence, owned and used where the tax payer is the original owner of the stove.

Additional Resources:
For full details read the entire guidance, IRS Notice 2009-53, Non-business Energy Property by clicking here to view the governments pdf. For a list of tax credit FAQ's assembled by the Hearth, Patio, & Barbecue association please click here.
Stay Warm go Green!
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Gloucester, MA
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