Not everyone looks forward to tax time, but we have GOOD
NEWS! The Federal Government is
providing an opportunity for you to receive a tax credit of $300.00 for wood burning stoves
purchased and installed in a primary residence. The credit is retroactive for 2015 purchases and
installation, and current through December 31, 2016.
The credit is offered for wood stoves that are 75% efficient
or higher. Here at Woodstock
Soapstone we make it easy for you as all of our current wood stoves exceed the
requirement. The certificate
noting this is available to download from our website.
Please note: Homeowners who have taken advantage of previous
energy tax credits may not be eligible for the current tax credit. There is a
maximum “lifetime” energy tax credit cap of $500, retroactive to 2006. If a
homeowner has used $500 or more in previous energy tax credits, he/she may no
longer be eligible for the $300 credit currently offered.
You will find more information regarding this tax credit on
our website at: http://www.woodstove.com/tax-credit-faq. If you have questions regarding how you personally qualify for this federal tax
credit, please see your accountant or The EPA websites http://www.epa.gov/burnwise and www.energystar.gov.
