CLICK HERE TO FIND A NEW WOOD OR PELLET STOVE AND GET 30% FEDERAL TAX CREDIT UNTIL DEC. 31st, 2010!
Buy a New Efficient Wood Stove and recieve a 30% Tax Credit up to $1500 on Qualifying Models, Chimney, and Installation!!
Example 1: a $2000 Stove Saves You $600, so You get a $2000 New Effecient Heater For $1400!! Example 2: a $3000 Stove and $330 Chimney Saves You $999, so You Get a $3300 Stove and Chimney System For $2331!!
On Top of the Fedral Tax Credit, OUR STOVES ARE ON SALE!! CALL FOR SPECIAL SALE PRICING, toll free 1-877-265-8618
Click Here to view Qualifying HearthStone Models!!
Tax Credit FAQs
Q: What is a federal consumer tax credit?
A: Consumers claim the credit on their federal income tax form at the end of the year. This new credit reduces the amount of tax you owe. The new credit is a reduction of total income tax at the bottom of your return, up to $1500. This tax credit is a non-refundable tax credit available for individuals who pay taxes and who make energy-conscious purchases to improve the energy efficiency of their home.
Note: With regard to tax credits vs. tax deductions, in general, a tax credit is more valuable than a similar tax deduction. A tax credit reduces the tax you pay, dollar-for-dollar. Tax deductions – such as those for home mortgages and charitable giving – lower your taxable income.
Q: When does this tax credit go into effect and how long will it last?
A: The tax credit went into effect January 1, 2009 and is valid only for the purchase of a qualifying biomass stove during 2009 and 2010. The maximum tax credit for the two-year period is $1500. The sales receipt must indicate that the purchase was made between January 1, 2009 and December 31, 2010.
Q: Who determined the tax credit guidelines for the qualifying units?
A: The Department of the Treasury, and specifically, the IRS.
In accordance with the American Recovery and Reinvestment Act of 2009, Part III, Section 1121, Energy Conservation Incentives, non-businesses may qualify for this credit if the wood or pellet stoves meet the criteria of 75% or better efficiency as measured using a lower heating value (LHV). The formula to calculate LHV is further defined by the Canadian Standards Association CSA B415.1. This calculation is subject to change until ratified by the IRS. Should said calculation be modified in the approval process, manufacturer takes no responsibility for qualification of product or guarantee of credit. Valid for qualifying purchases January 1, 2009 December 31, 2010.
*Go to www.recovery.gov for details. Ask your tax adviser how this credit may apply for you.