The Biomass Stove Tax credit is a 10% tax credit (up to $300) on the cost of a wood or pellet stove, with installation, purchased between January 1, 2015 and December 31, 2016. The credit’s goal is to encourage homeowners to make purchases that increase the energy efficiency of their home.
To receive this tax credit you must:
The credit can be claimed on IRS form 5695, with detailed instructions on the last page at the bottom of the first column. For tax filing software, it can most likely be found under a “Credits” section, possibly under a “Home Ownership” tab. For more information, we recommend speaking with your tax advisor.