$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 7 Must-Have Hot Tub and Swim Spa Features Hot Tubs and Swim Spas Author:Rich's For The Home Posted:March 1, 2023 An effective and enjoyable way to get pain relief is in a hydrotherapy spa or swim spa. Powerful jets alleviate body aches, while the buoyancy from the water takes pressure off joints. Read More Rich's New Tigard, Oregon Store: A Chat with Manager Rick Campbell General Articles Author:Rich's For The Home Posted:February 1, 2023 Meet Tigard, Oregon store manager, Rick Campbell, who has been in the hot tub/patio/BBQ business more than 25 years in the Portland metro area. Read More Grill Islands - Easily Create an Outdoor Kitchen in Your Backyard Grills Author:Rich's For The Home Posted:January 2, 2023 Grill islands: Modular outdoor kitchens with grill(s), workspace, fridge, storage, and more. Read More Tartan and Sparkle Holiday Mantel - DIY Tutorial Mantel Decor Author:Rich's For The Home Posted:December 3, 2022 Step-by-step tutorial for your holiday mantel: How to create a classic tartan design. Read More DIY Winter Mantel Décor Tutorials: Golden Magnolia Wreath and Cinnamon Stick Votive Holder Mantel Decor Author:Rich's For The Home Posted:December 2, 2022 DIY Holiday Mantel Decor tutorial: Golden Magnolia wreath and cinnamon stick votive holder. Read More How to Transform Your Mantel to a Winter Wonderland Design Mantel Decor Author:Rich's For The Home Posted:December 1, 2022 We show you how to transform your fall mantel decor to a winter wonderland design easily and quickly! Check out our 15-sec time-lapse photo that shows us making the switcheroo. Read More