Claim Your 30% Tax Credit for 2023!
Beginning in 2023, consumers buying highly efficient wood or pellet stoves 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.
What is the 2023 Tax Credit?
The EPA and the IRS have joined forces to grant consumers a 30% tax credit beginning in 2023 for those who purchase a highly efficient wood or pellet stove.
What is a highly efficient stove?
- 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
- Emberstone Chimney Solutions is proud to carry stoves with high thermal efficiency
Why Provide a Tax Credit?
According to the EPA: “Newer wood stoves emit an average of 70 percent less smoke; are 50 percent more efficient, and use 1/3 less wood than models sold before 1990.
For many communities, the primary goal is to reduce emissions of fine particle pollution. Reducing these harmful emissions can considerably lessen the impact that wood smoke has on public health and the environment. “
