Tax rebates & Credits
Federal Tax Credit
Federal Tax Credit
Beginning in 2023, consumers buying highly efficient wood stoves, pellet stoves, pellet stove inserts or larger residential biomass heating systems may be eligible to claim a 30% tax credit – capped at $2,000 annually – based on the full cost (purchase and installation) of the unit. The credit runs through December 31, 2032.
What is this new tax credit?
•Effective Dates: The new tax credit under Sec. 25(C) of the U.S. Internal Revenue Code (“IRC” or “tax code”) is effect on January 1, 2023 for qualifying purchases and installations completed on or after that date, through December 31, 2032.
•Credit Amount: Creates a new tax credit of 30 percent of the purchase and installation costs (with a $2,000 annual cap with no lifetime limit) for tax years 2023 through 2032.
•Qualifying Products: Qualifying products (any biomass-fueled heater) must have a thermal efficiency of at least 75 percent per the higher heating value (HHV) of the fuel The EPA certified wood heater database may be referenced (not all products on the EPA list qualify. Look for products with efficiencies of at least 75 percent)
To get started, connect with your local authorized ComfortBilt dealer or call us directly at (919) 973-4079 with questions and to determine a qualifying selection that best meets your heating needs. Once installation is complete, be sure to keep your receipt, including product and installation, and download and save our manufacturer’s certificate so you can claim the credit without issue.
Did you make a qualifying purchase in 2021-2022? Download your tax certificate here.
Did you make a qualifying purchase in 2018-2020? Download your tax certificate here.
Ongoing Wood Stove Changeout & Incentive Programs
A wood stove changeout program is a voluntary program initiated at the local, state or regional level that provides eligible communities incentives to positively impact air quality. Residents of participating communities can receive rebates, low/no interest loans and/or discounts to replace their old appliances, with newer, more efficient wood stoves or pellet stoves and fireplaces, including fireplace inserts.
To view a list of ongoing wood stove changeout programs, hit the arrow icon in the upper left-hand corner of the map below. To search for your area by address, hit the square icon in the upper right-hand corner of the map below to open the map in a new window with a search bar. (Map courtesy of HPBA Woodstove Changeout initiative.)