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  • Wood and Pellet Heater Investment Tax Credit (ITC).
What is this new tax credit?

Effective Dates: The new tax credit under Sec. 25(D) of the U.S. Internal Revenue Code (“IRC” or “tax code”) came into effect on January 1, 2021 for qualifying purchases and installations completed on or after that date, through December 31, 2023

Credit Amount: Creates a new tax credit of 26 percent of the purchase and installation costs (with no cap or lifetime limit) for tax years 2021 and 2022; moves down to 22 percent of purchase and installation costs in 2023 (under Sec. 25D of the U.S. tax code)

Qualifying Products: Require qualifying products (any biomass-fueled heater) must have a thermal efficiency of at least 75 percent efficient per the higher heating value (HHV) of the fuel. The credit is for any biomass heater (wood and pellet stoves, inserts, furnaces, boilers, masonry heaters, installation costs, labor, etc.) that are at least 75 percent efficient per the higher heating value of the fuel.

Download the Tax Credit Consumer One-Pager or HPBA's Wood and Pellet Heater Investment Tax Credit webpage for more information or sign up for the March 11 free webinar.

Arizona

Colorado

New Mexico

  • New Mexico Legislature 
  • Climate Solutions Act, House Bill 9: Provides that the state will achieve statewide greenhouse gas emissions reductions equivalent to at least 50% below 2005 levels by 2030, and net-zero emissions by 2050. Requires 60% oil and gas sector reduction of methane, CO2 and VOC emissions by 2030. Directs state agencies to reduce emissions from vehicles by optimizing vehicle fleets, increasing use of alternative fuel vehicles, and increasing use and availability of low- and zero-emitting vehicles. CO2, a by-product of gas burning appliances is considered part of the green house gas emissions.

Utah

Wyoming


Contact Us

Rocky Mountain Hearth, Patio & Barbecue Association
1130 Riparian Drive
Columbia Falls, MT 59912

480-772-2169
rmhpba@outlook.com

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