Tired of watching your heating bill eat away at your family’s budget? Now is the time to buy an outdoor wood furnace and save big at tax time with the HeatMasterSS flagship G Series and the Biomass Stove Tax Credit (25D).
After weeks of rigorous testing, the G-Series (G4000, G7000, G10000) has been proven to exceed the required efficiency rating to qualify for the Biomass Stove Tax Credit in the U.S.
The G4000 recently received an 89.5% efficiency rating (HHV), easily topping the 75% benchmark. Likewise, the G7000 received an 80.7%, and the G10000 an 88% rating, qualifying for the U.S Biomass Stove Tax Credit.
If you buy an outdoor wood boiler in 2021 for $10,000, you could see a savings of $2,600 on your 2021 federal tax return. Don’t forget to keep the receipts from your purchase and installation, as well as the manufacturer certificate stating the efficiency qualifications of your appliance.
Download your manufacturer certificate HERE.
The newly introduced tax credit replaces the $300 biomass federal tax credit that expired December 31, 2020.
The Sec. 25(D) tax credit extends to qualified models and installation and begins at 26% throughout 2021 and 2022 before dropping slightly to 22% in 2023. Qualifying units must be installed between January 1, 2021 and December 31, 2023, heating the taxpayer’s primary new or existing home. Both the purchase and installation costs can be included in your total cost.
We understand how frustrating it can be to spend hundreds of dollars every month on heating bills based on spiking fuel costs. If you are ready to join the mission for heating independence, use the Price Your Furnace tool to find the furnace for your unique heating needs, and the Find a Dealer page will connect you with your nearest experienced dealer for installation.
Stop burdening your monthly household budget on fuel costs and start saving this winter!Back to all posts