I’ve been hearing Christmas carols on the radio and TV for the past week. Although it irritates me that they’re playing them before Thanksgiving, those jingle bells remind me that it’s time to begin making my list and checking it twice.
If you’re looking for a big ticket item (for yourself or a loved one), consider an energy-efficient wood burning or pellet stove, fireplace, or fireplace insert.
Here’s the good news: you can claim a tax credit of up to $1500 on your 2010 federal income taxes on a 75 percent-efficient biomass stove purchased by December 31, 2010.
The tax credit can be used for the purchase and installation of the stove, venting, and hearthpads, and is good on all stove and fireplace brands Rich’s for the Home carries, including Lopi, Hearthstone, Avalon, Morso, and Harman.
Here’s how the tax credit works:
- When you purchase an energy-efficient stove, fireplace, or fireplace insert, you’ll receive certification that the product qualifies for the tax credit.
- You can claim a 30 percent tax credit on your federal income tax return. The credit either increases your tax refund or decreases your tax bill, dollar-for-dollar.
There are two fantastic benefits of heating with biomass:
- Lower heating costs – Wood and pellet prices fluctuate less than propane, oil, and natural gas.
- ‘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.
Be sure to stop by any of Rich’s 5 Puget Sound showrooms TODAY – you can save up to half off the Northwest's largest selection of name brand fireplaces, stoves, and inserts (including Lopi) during our Factory Direct blowout sale (ends 11-8-10).
For complete details about the tax credit:
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