Federal Tax Credit

10% Biomass Appliance Tax Credit

On Friday, December 17, 2010, President Obama signed into law the $858 billion tax package that keeps current tax rates in place and extends a series of existing tax credits. Included in this package was the extension of a tax credit for the purchase of biomass heating appliances that was set to expire on December 31, 2010. The new tax credit as outlined provides:

10% credit for the purchase of biomass heating appliances in 2011, capped at $300.

We believe most, if not all of our wood stoves, wood fireplace inserts, pellet stoves and pellet inserts qualify for the credit.

A manufacturer’s certificate of eligibility is required by the IRS, and must be retained by the taxpayer. We will direct you to the certificate after your purchase.

Additional information is available on the following website: www.irs.gov