Wednesday, December 30, 2009

2009 – 2010 Biomass Heater Tax Credit and the Hawken Energy Outdoor Wood Furnace

We have received a lot of questions about the 2009 – 2010 federal tax credit for biomass heating appliances. The credit offers a rebate of 30%, up to $1,500 for energy efficient appliances, including outdoor wood burners, purchased in 2009 and 2010.

At this time the only outdoor wood burning units on the market that meet the 75% efficient standards are the EPA tested and tagged gasification burners. If it doesn't have a yellow or white tag, it doesn't qualify for the tax credit.

While we don’t know the exact efficiency rating of our Hawken Energy furnaces (our own tests wouldn’t count for this credit) we estimate that we are near, but not quite to this 75% requirement.

The good news is that even with the $1,500 tax credit, the high priced gasification units are still far more expensive.

Don’t be fooled by false claims or so-called savings of the competing brands claiming that customers will get tax credit for their furnace purchase!

Some competing companies are blanketing their ads with this tax credit, gathering lots of attention only to tell customers that they can apply for the tax credit that will never go through.

Here’s the truth: Only IRS approved furnaces will receive this federal tax credit. The only way to receive the certification is to have an independent, certified laboratory issue a statement of efficiency like the EPA approved units.

The average cost for an IRS credit approved outdoor furnace is over $10,000; a Hawken Energy outdoor wood furnace sells for about 40% less. Don’t be fooled into buying a more expensive unit for an unprofitable tax credit.


Bookmark and Share

No comments:

Post a Comment