Are you eligible for the $300 Biomass Federal Tax Credit? It’s a $300 dollar-for-dollar tax credit for purchasing a qualifying biomass-burning stove between January 1, 2015 and December 31, 2016. To make sure yours meets the 75% efficiency rating requirement, just check with your retailer.
You’re able to claim this credit as long as the stove was installed in your principal residence. This is the home you live in most of the time. It must be in the United States, and it can include a house, houseboat, mobile home, cooperative apartment, condominium, and a manufactured home. New construction and rentals do not apply.
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