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The new tax credit under Sec. 25(C) of the U.S. Internal Revenue Code (“IRC” or “tax code”) is effect on January 1, 2023 for qualifying purchases and installations completed on or after that date, through December 31, 2032.
Beginning in 2023, consumers buying highly efficient wood or pellet stoves or larger residential biomass heating systems may be eligible to claim a 30% tax credit – capped at $2,000 annually – based on the full cost (purchase and installation) of the unit. The credit runs through December 31, 2032.
Note: Please consult your Tax Advisor, prior to purchase, to confirm your eligibility for this tax credit.
Stop into Sundance Leisure to see our selection of qualified wood and pellet stoves and inserts.
For more information continue to ‘Read More’ or stop into Sundance Leisure and talk with one of our sales associates.
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