$1500 Wood Stove Tax Credit to Expire December 31By JHCadmin, August 23, 2010Biomass [bahy-oh-mas] –noun - Organic matter, esp. plant matter, that can be converted to fuel and is therefore regarded as a potential energy source. If you’re in the market for a new wood stove, pellet stove, fireplace, or fireplace insert, now is the perfect time to buy – while there’s still time for you to claim a tax credit of up to $1500 on your 2010 federal income taxes.The tax credit, which expires December 31, 2010, is good for 75 percent-efficient biomass burning stoves and can be used for the purchase and installation of the stove, venting, and hearthpads.The best news:The tax credit is good on all stove and fireplace brands Rich’s for the Home carries, including Lopi, Hearthstone, Avalon, Morso, and Harman.When you purchase an energy-efficient stove, fireplace, or fireplace insert, you’ll receive certification that the product qualifies for the tax credit.Here’s how the tax credit works:Say you spend $3,000 on a stove. You can claim a 30 percent tax credit – or $900 – on your federal income tax return. The credit either increases your tax refund or decreases your tax bill, dollar-for-dollar.The Camano StoveWe’ll have a brand new model of wood stove on display at Rich’s in early September. It’s called the Camano. This contemporary stove (which has a twin gas stove model) is manufactured right here in the Seattle area, at Travis Industries’ Mukilteo plant. Travis Industries builds the popular Lopi, Avalon, and Fireplace Xtrordinair brands of stoves. The wood stove version of the Camano is eligible for the tax credit.There are two fantastic benefits of heating with biomass:1. Lower heating costs – Wood and pellet prices fluctuate less than propane, oil, and natural gas.2. ‘Green’ heating – Wood and pellet fuel is a carbon-neutral, renewable resource. Today’s stoves produce more heat with less wood and are clean-burning, with less ash and minimal outside air emissions. They eliminate 75 percent of the carbon emissions associated with fossil fuel burning.Here’s a video from our friends at Travis Industries that includes more details about the tax credit:Biomass Tax Credit from Travis Industries on Vimeo.For complete details about the tax credit:IRS Notice 2009-53, Non-business Energy PropertyHearth, Patio & Barbeque Association (HPBA)Recent Articles See All Stylish, Versatile Handcrafted Dining Tables and Chairs Outdoor Furniture Author:Rich's For The Home Posted:July 1, 2022 Today, in Part 4 of our series on the hottest trends in outdoor furniture for 2022. we’re featuring handcrafted aluminum dining tables and chairs by Tropitone. Read More Sustainable Hardwood Furniture: Perfect Indoors and Outdoors Outdoor Furniture Author:Rich's For The Home Posted:June 1, 2022 What do the following have in common? Atlantic City Boardwalk New York City park benches 18th century Jesuit missions in Bolivia The Solferino Footbridge that crosses the Seine River in Paris Give up? They’re all made out of Ipé (pronounced “EE-pay”), a fine-grained, buttery-smooth hardwood from the tropical forests of Bolivia. Environmentally Friendly There’s a […] Read More Minimalist, Modern, Danish Patio Furniture by Houe Outdoor Furniture Author:Rich's For The Home Posted:May 2, 2022 We’re lovin’ “Click” furnishings, by Houe. This innovative Danish outdoor furniture is simple, comfortable, and versatile. Rich's carries Houe dining chairs, rocking chairs, tray tables, and benches. Read More Clean, Contemporary Outdoor Furniture for 2022 Decorating Your Outdoor Room Author:Rich's For The Home Posted:April 19, 2022 The hottest designs for 2022 in outdoor furniture feature clean, contemporary lines, natural tones, and weather-resistant weaves. In this article, you’ll discover the latest furnishings and fire pits manufactured by our friends at Ebel. Palermo Deep Seating New to Rich’s lineup, the Palermo deep seating collection includes a sofa, club chairs, swivel rockers, and ottoman. […] Read More Outdoor Oven: Expand Your Backyard Cooking Experience Grills Author:Rich's For The Home Posted:June 13, 2021 When cooking outdoors, the name of the game is “options.” Options to bake a pizza, roast a whole chicken, or bake cookies. The outdoor oven by Summerset adds versatility to your outdoor cooking experience. From appetizers to desserts, this oven allows you to cook, bake, and roast your favorite dishes in your outdoor space. There […] Read More The Best Spa Filtration System on the Planet Hot Tubs and Spas Author:Rich's For The Home Posted:May 31, 2021 Concerned about the cleanliness of your spa? If you’ve been in hot tub recently, you’ve likely experienced a “skim filtration system” where the filter shares the same spa water as you. We have a much better idea: a Hydro Cyclonic Filtration® System, patented by Coast Spas. Read More