Monday, May 4, 2009

Wood Pellet Stove IRS Incentive

This could be the year to invest in a new wood or pellet stove. I just found out about a 30% tax credit of up to $1500 that has been approved for models that meet certain energy efficiency standards. The IRS has not issued the final guidelines on the efficiency standards, however, but they are expected soon. Check out the Hearth, Patio and Barbeque Association website for details: Current wood pellet prices from a local supplier this spring were around $225/ton.

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