Wood & Pellet Tax Credit
Wood & Pellet Tax Credit
Upgrade to a Pellet or Wood Stove for a Tax Credit in Conifer, CO
Save up to
$2,000*
Federal Tax
On Purchase
&Installation
Lots of inventory In Stock while supplies last!
Save 30% on a qualifying purchase up to $2,000
30% Federal Tax Credit – Wood Stove | Pellet | Fireplace Inserts
A wood stove changeout program is a voluntary program initiated at the local, state or regional level that provides eligible communities incentives to positively impact air quality. Residents of participating communities can receive rebates, low/no interest loans and/or discounts to replace their old appliances, with newer, more efficient wood or pellet stoves and fireplaces. Click the button below to begin shopping for qualifying appliances or reach out to our knowledgeable sales team if you have any questions!
Shop Qualifying Fireplace & Stove ModelsWhat is the new tax credit 25(D)?
Effective Dates
The new tax credit under Sec. 25(D) of the U.S. Internal Revenue Code (“IRC” or “tax code”) will come into effect on January 1, 2021 for qualifying purchases and installations completed on or after that date, through December 31, 2023.
Credit Amount
Creates a new tax credit of 26 percent of the purchase and installation costs (with no cap or lifetime limit) for tax years 2021 and 2022; moves down to 22 percent of purchase and installation costs in 2023 (under Sec. 25(D) of the U.S. tax code).
Qualifying Products
Requires qualifying products (any biomass-fueled heater) to be at least 75-percent efficient per the higher heating value (HHV) of the fuel. Further IRS guidance on qualifying products will likely come in 2021.
Benefits of Pellet & Wood Stoves
Like the tax credit that comes with qualifying products, there are many reasons to upgrade to a wood or pellet stove in the state of Colorado. Continue reading to discover the benefits and determine if upgrading is the right choice for your home. If you have any questions about upgrading appliances, don't hesitate to contact us at Inglenook Fireplace today!
Tax Credit Tips
Now that you have purchased a stove that qualifies for the tax credit, you may be wondering how the tax credit works. Here are a few helpful steps to claim the credit: