2023 – 2025 Tax Credit

30% Tax Credit in Place for Qualifying Biomass Appliances Must be bought and installed by December 31st, 2025. Beginning in 2023, consumers buying highly efficient wood or pellet stoves 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, 2025. The 2-year term and 30 percent credit have been big components of HPBA’s advocacy push of the Biomass Thermal Utilization (BTU) Act over many years. For more information visit: https://www.hpba.org/Advocacy/Biomass-Stove-Tax-Credit