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Incentives

Did you know you could get a federal tax credit for installing a new corn, pellet, or wood (biomass*) burning stove? You can save up to $1500 on the price of your next stove and installation! This is a tax credit so it is as good as money in your pocket. If you are looking to buy a stove, Black Magic Chimney would be happy to provide you with a certified stove.

  • 30% of the cost of the stove (including installation/labor costs), up to $1,500. (The cost of the fuel is not included).
  • Tax credit in effect in 2009 and 2010. The stove must be installed in your primary residence between January 1, 2009 and December 31, 2010.
  • The stoves must be used for heat or water heating and have a thermal efficiency rating of at least 75% as measured using a lower heating value.
  • The law defines "biomass fuel" as any plant-derived fuel available on a renewable or recurring basis, including agricultural crops and trees, wood and wood waste and residues (including wood pellets), plant (including aquatic plants), grasses, residues, and fibers.
  • The stoves must be used for heat or water heating and have a thermal efficiency rating of at least 75%. Ask us here at Black Magic Chimney about the stoves that qualify!
  • To verify tax credit eligibility, make sure you get a Manufacturer's Certification Statement.
  • To qualify, file tax form 5695 with your tax return statement.

*The law defines "biomass fuel" as any plant-derived fuel available on a renewable or recurring basis, including agricultural crops and trees, wood and wood waste and residues (including wood pellets), plant (including aquatic plants), grasses, residues, and fibers.