Best Fire Hearth & Patio FIREPLACE & HEARTH OUTDOOR LIVING SALES & PROMOTIONS NEW CONSTRUCTION COMPANY CONTACT PELLET & WOOD FEDERAL TAX CREDIT Get a 26% Federal Tax Credit on Purchase & Installation Costs of a Qualifying Wood or Pellet Heating Appliance Find A Qualifying Wood Or Pellet Appliance Name Email Address Phone Number Captcha FIND AN APPLIANCE A New Federal Tax Credit for Efficient Wood & Pellet Heating Appliances Legislation became effective Jan 1, 2021 that created a new federal tax credit under Sec. 25(D) of the Internal Revenue Code. This new federal tax credit covers 26 percent of purchase AND installation costs (with no limit) on new wood and pellet heating appliances. What Qualifies Must be purchased and installed between January 1, 2021 and December 31, 2022 in a new or existing home (can be a primary or secondary home). The program continues in 2023, however the tax credit decreases from 26% to 22%. The stove or insert must burn biomass (wood or pellets) as a fuel and is at least 75 percent efficient per the higher heating value (HHV) of the fuel. Both purchase and installation costs (venting and related materials; onsite labor) can be included in your total cost. Qualifying Pellet Stoves Absolute43 Pellet Stove by Harman Absolute63 Pellet Stove by Harman Allure50 Pellet Stove by Harman P43 Pellet Stove by Harman P61 Pellet Stove by Harman P68 Pellet Stove by Harman Qualifying Pellet Inserts Accentra 52i Pellet Insert by Harman Qualifying Wood Stoves 2100 Millennium Wood Stove by Quadra-Fire Aspen C3 Wood Burning Stove by Vermont Castings Bari 1 Wood Stove by Hearthstone Bari Plus Wood Stove by HearthStone Castleton TruHybrid Wood Stove by HearthStone Craftsbury Wood Stove by HearthStone Dauntless FlexBurn Wood Burning Stove by Vermont Castings Quadra-Fire Discovery I Wood Stove Encore Wood Burning Stove by Vermont Castings Green Mountain 40 TruHybrid Wood Stove by HearthStone Green Mountain 60 TruHybrid Wood Stove by HearthStone Green Mountain 80 TruHybrid Wood Stove by HearthStone Heritage TruHybrid Wood Stove by HearthStone Intrepid FlexBurn with Catalyst Wood Burning Stove by Vermont Castings Manchester TruHybrid Wood Stove by HearthStone Paperwork You Should Keep for Your Tax Records Purchase receipt, including cost of product and installation. The manufacturer certificate stating that the stove qualifies for the credit and is at least 75% efficient HHV. How to Claim the Sec. 25(D) Federal Tax Credit Claim the credit on your federal income tax form. File Via Tax Software: Generally located in the “credits” section of the Federal portion under home ownership and residential energy credit. File Via U.S. Mail: The IRS has not yet updated their forms for 2021 and likely won’t do this until early 2021. This credit would be claimed on IRS form 5695 under “Residential Energy Efficient Property Credit.” Please consult your tax advisor for more information or any tax-related questions. Sign up for discounts & promotions! Enter your email address to receive notifications. SIGN UP Fireplaces Gas Fireplaces Wood-Burning Fireplaces Electric Fireplaces Outdoor Fireplaces Clearance Items Fireplace Inserts Gas Inserts Pellet Inserts Wood-Burning Inserts Electric Inserts Clearance Items Heating Stoves Gas Stoves Pellet Stoves Wood-Burning Stoves Clearance Items Outdoor Furniture Patio Furniture Dining Sets Outdoor Cooking Outdoor Grills Outdoor Kitchens Outdoor Pizza Ovens Umbrellas & Shade Shade, Awnings & Canopies Umbrellas Outdoor Fire Outdoor Fire Pits Outdoor Fireplaces Albany Showroom 1760 Central Ave., Albany, NY 12205 (518) 513-0759 More Info Troy Warehouse (Parts & Service) 31 Adams St., Troy, NY 12180 (518) 490-4835 More Info Visit us on Facebook Visit us on Instagram Visit us on YouTube Visit us on Pinterest © 2021 Best Fire Hearth & Patio. All Rights Reserved. Privacy Policy Site by Elevation Ten Thousand