At Warrington Chimney & Fireplace, we know there’s nothing better than staying warm and cozy on a chilly winter night. But what if your new wood-burning stove or insert could do more than just keep you comfortable? Thanks to the Biomass Fuel Tax Credit, it can also save you money!
This federal tax incentive allows you to claim 30% of the total cost of a qualifying wood-burning stove or insert, including installation, with a cap of $2,000 per year. Let’s break down how this credit works and how it can benefit you.
What Is the Biomass Fuel Tax Credit?
The Biomass Fuel Tax Credit is part of a federal effort to encourage homeowners to invest in energy-efficient, environmentally friendly heating solutions. It applies to qualifying wood-burning stoves and inserts that meet specific efficiency standards, such as a thermal efficiency rating of at least 75%.
By purchasing and installing one of these appliances, you can claim 30% of the total cost, including the unit and installation, as a credit on your federal taxes.
Non-Refundable – What Does That Mean?
It’s important to note that this is a non-refundable tax credit. This means the credit can reduce the amount of taxes you owe to the IRS, but it cannot result in a refund if the credit exceeds your tax liability.
For example:
If you owe $3,000 in taxes, and you qualify for a $2,000 credit, you’ll only owe $1,000.
However, if you owe $1,000 in taxes, the $2,000 credit can reduce your liability to zero, but you won’t receive the remaining $1,000 as a refund.
This is still a significant benefit, especially if you plan your tax filing accordingly.
Why Choose a Wood-Burning Stove or Insert?
Upgrading to a wood-burning stove or insert offers a variety of benefits:
Wood Inserts: Perfect for existing fireplaces, inserts are highly efficient and can transform your open fireplace into a major heat source for your home. Plus, they’re eligible for the tax credit and qualify for a 30% tax credit.
Wood Stoves: Standalone stoves are stylish, efficient, and powerful enough to heat large areas of your home. They also qualify for the credit and are an excellent choice for energy-conscious homeowners.
Warrington Chimney & Fireplace Makes It Simple
We specialize in helping homeowners upgrade their heating systems. Here’s how we make the process easy:
Free Site Inspection: We’ll visit your home, assess your needs, and recommend the best unit for your space.
Professional Installation: From delivery to final adjustments, our expert team will ensure your stove or insert is installed safely and efficiently.
Documentation Assistance: We’ll provide all the receipts and manufacturer’s certifications you need to claim your tax credit.
We offer a range of qualifying models, including the popular Osburn 1700 Wood Insert, designed for both efficiency and style.
Plan for the Future
The tax credit is available until 2032, giving you plenty of time to upgrade multiple fireplaces or stoves in your home. And because the credit renews annually, you can claim up to $2,000 each year for additional installations.
Ready to Save?
Now is the perfect time to invest in a wood-burning stove or insert that not only keeps you warm but also rewards you with significant tax savings. Contact Warrington Chimney & Fireplace today for a free consultation and start enjoying the benefits of efficiency, comfort, and savings!
Warm regards,The Team at Warrington Chimney & Fireplace
(P.S. Don’t forget, the Biomass Fuel Tax Credit applies to qualifying stoves and inserts—helping you stay warm and save big.)
The stoves Warrington Chimney and Fireplace has to offer for the tax credit:
The Osburn 1700 is a medium-sized wood stove designed to provide efficient heating for spaces ranging from 500 to 1,800 square feet. With a maximum heat output of up to 65,000 BTU/h, it ensures ample warmth for your home.
Key Features:
High Efficiency: The Osburn 1700 boasts an optimal efficiency of 77%, ensuring effective fuel utilization and heat distribution.
Low Emissions: With emissions as low as 1.26 g/h, this stove meets and exceeds EPA 2020 standards, contributing to a cleaner environment.
Robust Construction: Equipped with high-density bricks, a cast iron door, and a built-in ash pan, the Osburn 1700 is built for durability and ease of maintenance.
Customizable Design: Available with various door overlays and leg or pedestal options, allowing you to tailor its appearance to match your home's decor.
Optional Blower: An optional 130 CFM blower with variable speed control is available to enhance heat circulation throughout your space.
Installation Considerations:
Proper installation is crucial for safety and optimal performance. It's recommended to have the Osburn 1700 installed by a certified professional to ensure compliance with local building codes and manufacturer guidelines. Regular maintenance, including annual chimney inspections and cleanings, will help maintain efficiency and safety.
The Osburn Inspire 2000 is a high-efficiency wood stove designed to provide substantial heat output while maintaining a contemporary aesthetic. With a 2.4 cubic foot firebox, it accommodates logs up to 20 inches in length, making it suitable for heating areas between 500 to 2,100 square feet.
Key Features:
High Heat Output: Capable of producing up to 75,000 BTU/h, ensuring ample warmth for medium to large spaces.
EPA 2020 Certified: Meets stringent environmental standards with an emission rate as low as 1.54 g/h, promoting cleaner air quality.
Efficient Design: Offers an optimal efficiency of 77%, maximizing heat production from each log.
Customizable Appearance: Available with various door overlays and base options, including minimalist, steel, or soapstone bases, to match different interior styles.
Integrated Blower: Comes standard with a 130 CFM blower to enhance heat distribution throughout the room.
Installation Considerations:
Proper installation is crucial for safety and performance. It's recommended to have the Osburn Inspire 2000 installed by a certified professional to ensure compliance with local building codes and optimal operation. Regular maintenance, including annual chimney inspections and cleanings, will help maintain efficiency and safety.
The Osburn 2000 is a versatile and efficient wood-burning stove designed to provide substantial heat output while maintaining low emissions. With a 2.4 cubic foot combustion chamber, it can accommodate logs up to 20 inches in length, making it suitable for heating areas between 500 to 2,100 square feet.
Key Features:
High Heat Output: Capable of producing up to 75,000 BTU/h, ensuring ample warmth for medium to large spaces.
EPA 2020 Certified: Meets stringent environmental standards with an emission rate as low as 1.54 g/h, promoting cleaner air quality.
Efficient Design: Offers an optimal efficiency of 77%, maximizing heat production from each log.
Customizable Appearance: Available with various door overlays and leg or pedestal options to match different interior styles.
Integrated Blower: Comes standard with a 130 CFM blower to enhance heat distribution throughout the room.
The Osburn Matrix Insert is a high-efficiency wood-burning fireplace insert designed to enhance both the aesthetic appeal and heating performance of your existing masonry fireplace. With its sleek, modern design and robust construction, it serves as an excellent upgrade for homeowners seeking improved energy efficiency and a contemporary look.
Key Features:
High Efficiency: The Matrix Insert boasts an optimal efficiency of 77%, ensuring effective fuel utilization and heat distribution.
Low Emissions: With emissions as low as 1.54 g/h, this insert meets and exceeds EPA 2020 standards, contributing to a cleaner environment.
Robust Construction: Equipped with high-density bricks, a cast iron door, and a built-in ash pan, the Matrix Insert is built for durability and ease of maintenance.
Customizable Design: Available with various door overlays and leg or pedestal options, allowing you to tailor its appearance to match your home's decor.
Integrated Blower: Comes standard with a 130 CFM blower to enhance heat distribution throughout the room.
Proper installation is crucial for safety and optimal performance. It's recommended to have the Osburn Matrix Insert installed by a certified professional to ensure compliance with local building codes and manufacturer guidelines. Regular maintenance, including annual chimney inspections and cleanings, will help maintain efficiency and safety.
In conclusion, if you would like to learn more about which option is the best for you, give us a call to schedule your free estimate. We are here to help keep you cozy!
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