Take advantage of your 2022 & 2023 tax credits!

FULL PACKAGES

A Federal Energy Tax Credit for Qualifying Wood & Pellet Stoves is Now in Effect!

If you are shopping for a wood or pellet stove and would like to take advantage of the federal energy tax credit we have a solution for you. We have created full packages to include stove, hearth, pipe, installation, permit and labor all EPA certified and qualifies for the federal tax credit.

Wood Stove Packages

EPA Certified Wood Stove packages that qualify for the federal tax credit offered this year.

• Wood Stove    • Hearth Pad    • Chimney System

• Installation    • Labor    • Permit    • More

Pellet Stove Packages

EPA Certified Pellet Stove packages that qualify for the federal tax credit offered this year.

• Pellet Stove    • Hearth Pad    • Chimney System

• Installation    • Labor    • Permit    • More

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?

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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?

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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?

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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

#1

Fill Out Tax Credit Form

#2

Submit Form With Taxes

#3

I was able to build my wood stove package very easily from stove to chimney pipe and it was nice to know that everything I chose qualified for the 26% tax credit.

Lani Pualani