Q/A on the Stove Tax CreditBy JHCadmin, November 4, 2009 Do you have questions about the stove tax credit? You are not the only one. Questions abound from our customers when they come in to look at our selection of stoves and we don't blame them. Some of the initiatives with the most benefit are confusing in their terminology and clearness about the benefits.Fortunately, we have trained our staff members here at Rich's for the Home to answer your questions. Here are some of the most common ones:Q- How much is the tax credit for?A- It is for up to 30% of your purchase price, up to $1500.00. Q- How do we get the tax credit?A- After purchasing your stove, keep your receipt. There will be room on the bottom of your tax forms for your credit. In addition, if you file your return electronically through a service, many have added the question to the list that you answer as you prepare your return. Retain your receipt with your tax records.Q- Can I claim this credit for a stove placed in my vacation home or a home that I use as a rental?A- No, the credit covers only a stove for your primary residence. Vacation homes and homes that you rent out to others do not qualify.Q- We bought a stove right before the legislation was approved. Is there anything that we can do to receive the credit?A- Yes, if your stove was purchased January 1, 2009-June 1, 2009, your purchase will still qualify for credit. Q- We've heard of the 75% efficiency requirement. How is that determined?A- According to HPBA, the manufacturer of the stove must provide certification that the product tests for at least a 75% efficiency rating using the lower heating value i.e. the heat value of a combustion process assuming that none of the water vapor resulting from the process is condensed out, so that its latent heat is not available. Q- What should a retailer provide?A- According to HPBA, retailers (and consumers) must keep exact records of any sale or purchase. Retailers should provide a consumer with the manufacturer's certification statement for the specific product model purchased. A consumer may rely on a manufacturer's certification statement that their products are qualified energy property. Manufacturers should make this certification document available to consumers on the web, in the product packaging, or in some other easily accessible manner. Q- What should I do if I have more questions?A- The IRS Notice is available for your review. In addition, feel free to come by a Rich's for the Home location to browse our selection of stoves. We are happy to help!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