Tax Credit Extended! Get Up to a $300 Tax Credit!

On December 17, 2010 President Obama signed into law an extension to H.R. 1, the American Recovery and Reinvestment Act (ARRA) that was set to expire December 31, 2010.  Congress decreased the benefit as now the economic stimulus legislation includes a 10% tax credit (up to $300) for the purchase in 2011 of a 75%-efficient biomass-burning stove as measured using a lower heating value.

The Internal Revenue Service (IRS) issued the guidelines for determining what stoves meet the efficiency requirements to qualify for the credit on June 1, 2009. In summary, to qualify a homeowner must:

1. Purchase and install a Nature's Comfort NC-40 Pellet Stove, a 2009 or later NCB-120, NCB-175, NCB-250 or NCB-325G (only units water jacket around flue pipe in firebox - 1/4" thickness only), GT-220 or GT-500 Downdraft Gasification Furnace in 2011.
2. Save the purchase receipt
3. Print and save a copy of the certification statement.
4. Click here for the NC40
5. Click here for the NCB-120, NCB-175 or NCB-250 (Units with water jacket wrapped around flue pipe & 1/4" thick firebox only)
   
6. Click here for theNCB-325G (New Model)
7. Click here for the GT-220 or GT-500
   
8. Claim the tax credit associated with your qualifying purchase on your
       federal filing for the 2012 tax year.
   
   Details of the Tax Credit
   
   1. The tax credit is for 10% of the amount paid for the qualifying product up to a maximum of $300.
   2. The credit applies to the homeowner's existing primary residence only.
   3. A tax credit is a dollar-for-dollar reduction subtracted from your
       tax liability. Therefore, $300 can be subtracted directly from the
       amount of tax that is owed, or added to a tax refund.
   
   This summary information is provided as a convenience and may not be relied upon as a substitute for professional tax advice. Nature's Comfort LLC is not a tax advisor. Taxpayers claiming a tax credit should consult a tax professional with any questions.

Frequently Asked Questions

We encourage you to visit the Hearth, Patio and Barbeque Association (HPBA) website for the latest information and an extensive list of frequently asked questions regarding the tax credit.

 * Nature's Comfort LLC does NOT provide tax advice. Please consult with your tax advisor for eligibility and answers to your specific questions.