The American Recovery and Reinvestment Act of 2009 (Recovery Act) signed into law on February 17, 2009, includes a 30% consumer tax credit (up to $1,500) for the purchase of 75%-efficient bio-mass burning stoves (i.e. wood stoves and pellet stoves) and can be used towards the stove, venting, hearth pads and installation costs. This energy saving taxing credit has been extended through the 2013 tax year.
This credit can be applied to existing principal residences and is effective immediately, retroactive to any Biomass heating unit purchased since January 1, 2009. For additional tax information please visit the IRS website.