Federal Tax Credit
SAVE UP TO 30% ON QUALIFYING PRODUCTS WITH FEDERAL TAX CREDIT
Bring the energy efficiency and cost control of wood to your home & get up to 30% when you purchase a qualifying product.
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Effective January 1, 2023 through December 31, 2023 wood and pellet-burning stoves and inserts with an average higher heating value (HHV) efficiency of at least 75% are eligible for a 30% tax credit(see below)
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Capped at $2,000 annually. The total cost of the hearth product and installation are included with the 30% tax credit.
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You'll need to submit the certificate and your receipt for both purchase and installation with your annual taxes.
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We'll provide you with all the necessary paperwork to file your tax credit easily.
How to Claim the Tax Credit
Take advantage of this new tax credit today. We can help you find & install the perfect wood or pellet stove or insert.
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Tax paying consumers can submit for this tax credit under Section 25(C) of the Internal Revenue Code ("IRC" or "tax code").
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You will need a copy of the sales invoice for the product purchase and installation (venting, floor protection, and labor) costs, and the manufacturer's certificate showing the qualifying wood or pellet product
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For more information visit www.hpba.org
Which Products Qualify for the Tax Credit?
We carry the following stoves and inserts that qualify for the higher tax credit:
Have questions or wondering how to find the right wood or pellet product?
Give us a call at 423-842-1619 or visit one of our showrooms in Hixson or Cleveland, TN. Our team of hearth experts would be happy to help you find the best option for your living space.