The IRS consumer tax credit of 30% (up to $1500) for the purchase and installation of a 75% efficient stove is available though the end of 2010. All Morso US wood stoves are qualified. Your local Morso dealer - http://www.morsona.com/find_a_dealer.html - can provide you with the manufacturer’s certificate of qualification along with your sales receipt.
To qualify for this credit, the Internal Revenue Service (IRS) issued the following qualifications:
- To be considered, a stove must use the burning of biomass fuel to heat a dwelling unit or to heat water for use in such a dwelling unit, and have a thermal efficiency rating of at least 75% as measured using a lower heating value.
- Installation is covered, as long as it is a requirement for the stove’s proper and safe functioning.
- This consumer tax credit is 30% (up to $1500) for the purchase and installation of a 75% efficient stove, and is available in both 2009 and 2010.
- The tax credit is an aggregate, i.e., the total $1500 can include other energy efficient items. For instance, if a consumer claims $900 on a new stove, then he will have $600 to purchase additional energy saving products in the same tax year.
- If a taxpayer uses the entire $1500 tax credit on a competing product then they cannot use it for a biomass stove in that same tax year.
- This credit applies only to existing principle residences.
- Manufacturers must provide a certificate of qualification for each product.
- Taxpayers must retain the certification statement for tax record-keeping purposes, but the certification is not required to be attached to the tax return
To learn more about Federal Tax Credits for Energy Efficiency visit: