Up to $1500 IRS Energy - Wood Stove Tax Credit - 2009 / 2010!

IRS Homeowner Energy Tax Credit - Rebate

Our Wood Stoves Qualify for the Tax Credit 2009 - 2010 / Outdoor Wood Furnace Tax Credit 

30% Rebate (up to $1500) for the Purchase and Installation of a High Efficiency Biomass Stove

On February 17, 2009 President Obama signed into law, H.R. 1, the American Recovery and Reinvestment Act (ARRA).  This economic stimulus legislation includes a 30% tax credit (up to $1,500) for the purchase in 2009 and 2010 of a 75%-efficient biomass-burning stove as measured using a lower heating value.

The Internal Revenue Service (IRS) issued the guidelines for determining what stoves meet the efficiency requirements to qualify for the credit on June 1, 2009. In summary, to qualify a homeowner must:

1. Purchase and install a SHAVER Pro Series 165, 250, 290 or 340 in either 2009 or 2010.
2. Save the purchase receipt for our outdoor boiler in 2009 or 2010
3. Save a copy of the Weld Rite Inc. certification for the SHAVER 165, 250, 290 or 340
4. Claim the tax credit associated with your qualifying purchase of a an outdoor boiler on your
       federal filing for the 2009 and/or 2010 tax year.

5. From IRS Form 5695

   Residential energy property costs. Residential energy property costs are costs of new qualified energy property that is installed on or in
   connection with your main home that you owned during 2009 located in the United States. This includes labor costs properly allocable to the
   onsite preparation, assembly, or original installation of the property. 

   Qualified residential energy property is any of the following.
   - Certain electric heat pump water heaters; electric heat pumps; central air conditioners; natural gas, propane, or oil water heaters; and stoves that use biomass fuel.

   - Qualified natural gas, propane, or oil furnaces; and qualified natural gas, propane, or oil hot water boilers.

   - Certain advanced main air circulating fans used in natural gas, propane, or oil furnaces.

   
   
   Details of the Tax Credit
   
   1. Tax credit is 30% of the amount paid for the qualifying product
       (wood stove, outdoor wood furnace, up to
       a maximum of $1500 combined for 2009 and 2010.
   2. The credit applies to the homeowner's primary residence only.
   3. A tax credit is a dollar-for-dollar reduction subtracted from your
       tax liability. Therefore, $1,500 can be subtracted directly from the
       amount of tax that is owed, or added to a tax refund.

Frequently Asked Questions

2009 energy tax credits for an outdoor boiler 2010

Rather than attempt to keep our site updated with the latest information on the ARRA tax credit for
outdoor wood furnace or wood stoves, we encourage you to visit the Hearth, Patio and Barbeque Association (HPBA) website. They have compiled an extensive list of frequently asked questions regarding the tax credit.

* WELD RITE Inc does NOT provide tax advice. Please consult with your tax advisor for eligibility and answers to your specific questions.