30% tax credit available for new bio-mass heating stoves

examiner.com (Chicago)
July 24, 1:56 PM

H.R. 1, the American Recovery and Reinvestment Act (ARRA) has provisions for a 30% tax credit for 75% + efficient EPA approved bio-mass heating appliances purchased in 2009 or 2010. The maximum allowable credit is $1500, and applies to all materials and labor needed for the installation.. In order to claim the credit, homeowners should keep the recept from their installer, and the certificate from the manufacturer.

Homeowners should consider an alternative method of heating in case the power goes out. Gas furnaces require electricity to run fans, or the heat is not distributed, wheras wood-fired stoves work via radiant and convective heat and do not need electricity to work. Some homeowners use these types of appliances as a primary heating source.

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