U. S. Tax Credit Overview
U. S. Biomass Stove Tax Credit Reinstated for 2014!
The 25C tax credit for qualifying biomass-fueled stoves is now available for purchases made between December 31, 2013 and December 31, 2014.
On December 19, 2014, the President signed into law the Tax Increase Prevention Act of 2014 (H.R. 5771). The bill reauthorizes, among other credits, the Sec. 25C tax credit for non-business energy property. Included in this section is the $300 credit for residential biomass heating equipment. The bill simply moves the expiration date for this credit from December 31, 2013 to December 31, 2014.
The credit applies to purchases made in 2014. Consumers who made residential biomass heating purchases need to retain for their records a manufacturer’s certificate that demonstrates the unit qualifies for Sec. 25C and a receipt (proof of purchase).