Save Money on Home Heating with Tax Credits & Other Incentives
PelPro is proud to offer a lineup of pellet stoves that are tested to meet the most rigorous emission standards. Get started by checking to see which of the available savings programs below apply to you, then connect with your local PelPro dealer to find the right stove or fireplace to suit your home-heating needs.
Federal Tax Credit (US Only)
Effective January 1st, 2023, a new Wood and Pellet Heater Investment Tax Credit came into effect for qualifying purchases completed on or after that date, through December 31, 2032. Found under section 25(C) of the tax code as modified by the "Inflation Reduction Act of 2022", this new credit covers 30 percent of the purchase and installation costs (up to a $2,000 annual credit) for tax years 2023 through 2032.
To qualify, the stove or insert must burn biomass as a fuel, heat air or water, and be at least 75 percent efficient per the higher heating value of the fuel. Installations at primary or secondary residencies can be claimed, and both the purchase and installation costs (venting and related materials, onsite labor) can be included in your total cost.
To get started, connect with your local authorized PelPro dealer with questions and to determine a qualifying selection that best meets your heating needs. Once installation is complete, be sure to keep your receipt, including product and installation, and download and save our manufacturer’s certificate so you can claim the credit without issue. This is a non-refundable tax credit. Please consult your tax advisor prior to purchase to see what this tax credit means for you.
Did you make a qualifying purchase in 2021 or 2022? Download your 2021-2022 tax certificate here. For qualifying purchases from 2018-2020, download your 2018-2020 tax certificate here.