Imagine someone handing you a $3,000 check. And this is after saving over 70% on your heating bill by using a high-efficiency biomass heating system. That’s a pretty sweet deal. This image is one step closer to reality with the introduction of the Biomass Thermal Utilization Act of 2013. The proposed BTU Act would amend […]
$300 Tax Credit Reinstated for High Efficiency Wood Boilers
With the passing of the American Taxpayer Relief Act of 2012, the tax credit for biomass stoves (i.e wood furnaces and wood boilers) has been retroactively renewed through the end of 2013. So, any qualified equipment purchased from January 1, 2012 through December 31, 2013 is eligible for this credit. The tax credit is now […]
Report Card Finds Few States Ready to Wood Heat Potential
Anyone who has made a trip to the gas pump in the last month has felt the squeeze of rising energy prices. With this increase comes higher demand for wood as a heating fuel. A recent study by the Alliance for Green Heat outlines how states are doing in their effort to balance between heating […]
No More Easy Green for Homeowners
Anyone contemplating a big home improvement project to make their homes more energy efficient has missed a rather significant window. Beginning January 1st, the federal government slashed the tax credits for energy efficiency home upgrades from 30 percent to 10 percent and reduced the total available credit to $500. For more check out the 2011 […]
Biomass Appliance Tax Credit Cut
This past Friday the Tax Cut Compromise Package was signed into law by President Obama, and continues to draw fire from both political parties. Of significance to families who are looking to purchase a biomass or wood heater, the incentives will be severely cut beginning January 1, 2011. The law reduces the biomass heater tax […]
Time Running Out on 30% Tax Credit
December 31st, 2010. That is the date that federal tax credit is scheduled to expire for the purchase of new energy efficient products, including high-efficiency wood boilers. With the purchase of a qualifying product, the government will credit you 30 percent of the cost (and installation), up to $1,500. So, why is this a big […]