Don’t Miss Out On Your Energy Tax Credit

Take advantage of your TAX CREDIT with EPA-Qualified Wood and Pellet stoves Here

*Tax credit for 2022 is 26%
*Tax credit for 2023 is 22%

Great News

A Federal Energy Tax Credit of 26% for Qualifying Wood & Pellet Stoves is Now in Effect for the 2022 tax year!
This will change to a 22% Federal Tax Credit for the 2023 tax year and reduce each year.

The Biomass Thermal Energy Council (BTEC) has been working to implement the Biomass Thermal Utilization (BTU) act for more than a decade – and it’s finally been realized! On December 21, 2020, Congress signed into law a 26% federal tax credit starting in 2022 for wood stoves AND pellet stove purchases and installation complying with these BTU revisions! Meaning more accessibility to clean-burning and modern wood heat for you.

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Does Your Stove Qualify?

This website will help you find out if your stove qualifies for the 26% tax credit for the 2022 tax year.

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Where To Buy A Stove?

Federal tax credit qualified & EPA Certified Wood & Pellet Stoves will keep you cozy and warm this year.

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Questions & Answers

How much is this new tax credit?

In 2022, taxpayers can claim 26 percent of purchase AND installation costs, with no limit. In 2023, that amount drops to 22 percent. But this is MUCH more generous than the old tax credit, which was just $300 and had many limitations.

Where can I find more information?

EPA woodstove database at this address https://cfpub.epa.gov/oarweb/woodstove/index.cfm?fuseaction=app.search will give you information on a complete list of qualified stoves, you can also check your local hearth products store in your area to see what’s available locally to where ever you may live. Listed here is also a link to a national retailer www.smokeysstoves.com that can help with any questions you may have regarding chimney systems, hearth requirements and approximate costs on typical labor or permit costs. Keep in mind labor cost will vary across the nation on installation, contractors and chimney sweeps are who you will want to contact as well as your local hearth store if one is in your area for estimates to install your system.

Will this tax credit be available for 2023?

Yes a tax credit for 2023 will be available but the % you can save will drop from 26% to 22% for tax year 2023 for qualifying stoves using wood and pellet fuel.

What makes a stove eligible for a tax credit?

Any wood or pellet-fueled heater (heats air or water) that is at least 75 percent efficient per the higher heating value (HHV) of the fuel and must be purchased and installed in 2021 or 2022 tax year.

This is a different requirement when compared to the old tax credit. Consult the EPA certified list of heaters to see which products qualify.

Which stoves qualify for the tax credit?

EPA woodstove database at this address https://cfpub.epa.gov/oarweb/woodstove/index.cfm?fuseaction=app.search will give you information on a complete list of qualified wood and pellet stoves. For more information on what all you may need visit https://www.smokeysstoves.com/product/stove and see what it takes to put a complete package together, they can help you figure out exactly what you need to complete your project.

If I buy a stove this year will I still qualify?

Yes 2023 has a tax credit of 22% of your cost for the stove package or system as long as it is a EPA qualified wood or pellet stove, if you purchased a stove in 2022 you can apply for the tax credit of 26% savings on the total cost of your system.

What is the code section for the tax credit?

The Wood and Pellet Heater Investment Tax Credit (ITC), officially came into effect on January 1, 2021. The new credit – under Internal Revenue Code Section 25(D) – was created by spending legislation enacted by Congress at the end of 2020.

Where can I buy EPA certified stoves?

https://www.smokeysstoves.com/product/stove is highly recommended for purchasing a stove if there is no local hearth dealer in your area. Smokey’s stoves can answer all your questions and has the expertise to make sure you know everything you may need to complete a new system or simply upgrade the system you have and make sure everything will transition smoothly. Smokey’s Stoves has operated for 47 years in the Hearth business and operates several install crews and sweeps that service wood, pellet, gas, and oil stoves.

Download The Tax Form

Fill Out Tax Credit Form

Submit Form With Taxes

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This website made it super easy to get my 26% tax credit this year. I just downloaded the form, filled it out, and gave it to my tax accountant. I’ll be letting others know, thanks.

Rick Crandall