Biomass Stove Tax Credit

What you need to know

Beginning of the Biomass Stove Tax Credit

The biomass stove tax credit, a dollar-for-dollar, non-refundable credit, was first enacted in 2009 by the American Recovery and Reinvestment Act. The credit amount and requirements have changed over the years, but the requirements have remained the same for several years.

What is it?

A $300 tax credit for purchasing a biomass stove that is at least 75 percent efficient.

What qualifies?

  • Biomass stoves purchased before December 31, 2020
  • The stove burns biomass as a fuel, heats air or water, and is at least 75 percent efficient

How to find qualifying appliances?

Please see at: https://myfireplaceproducts.com/us_en/heaters

Please see the Drolet products qualified for the tax credit: 
Please see the Century products qualified for the tax credit: 

What paperwork you should keep for your tax records?

  • Purchase receipt
  • The manufacturer certificate stating that the stove qualifies for the credit and is at least 75 percent efficient :

* Drolethttps://sbiweb.blob.core.windows.net/media/5408/drolet_irs_2020.pdf ) 

* Centuryhttps://sbiweb.blob.core.windows.net/media/5410/centruy_irs_2020.pdf )

How to claim the credit ?

  • Claim the credit on your federal income tax form 
  • File Via Tax Software: Located in the “credits” section of the Federal portion under home ownership and residential energy credit 
  • File Via U.S. Mail: Usually located on line 22a of IRS form 5695 under residential energy property costs and energy-efficient building property. The IRS provides additional instructions for this form 

Purchased a qualifying stove in a previous tax year?

If you made a qualifying purchase in a previous tax year and you want to claim the credit, you must file an amended return using IRS Form 1040-X ( https://www.irs.gov/forms-pubs/about-form-1040x ).

Read more about this tax credit and find out how to claim it by clicking:  https://www.hpba.org/Advocacy/Biomass-Stove-Tax-Credit

Source: https://www.hpba.org/Portals/26/Committees/Government%20Affairs/GA%20Public%20Docs/Stove_Tax_Credit_Consumer_Information.pdf