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Wood Pellet Tax Credit

wood and pellet federal tax credit. save 30% (up to $2,000 annually) on purchase and installation of select units
30% Federal Tax Credit Wood Stove Changeout & Incentive Program

A wood stove changeout program is a voluntary program initiated at the professional, state or regional level that provides eligible communities incentives to positively impact air quality. Residents of participating communities can receive rebates, low/no interest loans and/or discounts to replace their old appliances, with newer, more efficient wood or pellet stoves and fireplaces. Beginning in 2023, consumers buying highly efficient wood or pellet stoves or larger residential biomass heating systems may be eligible to claim a 30% tax credit – capped at $2,000 annually – based on the full cost (purchase and installation) of the unit. For any questions, please call us at 563-562-5156.

wood and pellet federal tax credit. save 30% (up to $2,000 annually) on purchase and installation of select units


What is this new tax credit?

Effective Dates: The new tax credit under Sec. 25(C) of the U.S. Internal Revenue Code (“IRC” or “tax code”) is effect on January 1, 2023 for qualifying purchases and installations completed on or after that date, through December 31, 2032.

Credit Amount: Creates a new tax credit of 30 percent of the purchase and installation costs (with a $2,000 annual cap with no lifetime limit) for tax years 2023 through 2032.

Qualifying Products: Qualifying products (any biomass-fueled heater) must have a thermal efficiency of at least 75 percent per the higher heating value (HHV) of the fuel.

-The EPA Certified wood heater database may be referenced (not all products on the EPA list qualify. Look for products with efficiencies of at least 75%)

-A manufacturer certification statement attesting that product qualifies can also be relied upon

Models That Qualify

To learn more about this Tax Credit, give our professionals a call or contact us here. We will be happy to guide you to the right stove or fireplace for your home that qualifies for the tax credit.

Visit Dubuque Fireplace & Patio's showroom! We are located just west of Kennedy Mall at 925 Century Drive, next to Happy Joe’s Pizza.

(563) 582-5156

Dubuque Fireplace & Patio
925 Century Drive, Dubuque, Iowa 52002

Regular Hours:

Monday - Friday 9am - 5pm
Saturday: 9am - 2pm
Sunday: CLOSED

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