FEDERAL TAX CREDIT - 2011
In December 2010, President Obama signed into law the Middle Class Tax Relief Act of 2010. This extensive tax package extended several tax credits geared toward boosting the sluggish economy. One of the credits that was extended is the one covering Bio-Mass Heating Appliances that was scheduled to expire on December 31, 2010. Although extended, the tax credit did change; the most notable of which is that the cap is for the purchase price of the appliance only, and that it is capped at $300 total. For more information regarding this tax credit click here .
FEDERAL TAX CREDIT - 2009 & 2010
All of Breckwell's pellet stoves , wood stoves , and multi-fuel stoves qualify for a federal tax credit. Signed into law on February 17th, the Economic Stimulus legislation includes a 30% tax credit (up to $1,500) for homeowners who purchase a 75% efficient biomass-burning stove in 2009 and 2010. The Hearth, Patio & Barbecue Association (HPBA) and the Pellet Fuels Institute (PFI), succeeded in including the tax credit to help consumers fight rising home heating costs. All Breckwell stoves have been tested and qualify for this credit.
Guidelines for this tax credit have been determined by the U.S. Department of the Treasury and the Internal Revenue Service (IRS). The HPBA will keep the industry informed on the progress and details of this tax credit. For the latest information, check the HPBA website, www.hpba.org, for critical developments.
COLORADO STATE APPROVED PELLET STOVES
Like many states Colorado has a strict requirement for pellet stoves and residential burning in general. The Air Pollution Control Division of the Colorado Department of Public Health and Environment oversees regulations pertaining to residential burning. Each day they issue a pollution condition advisory. During red advisories, mandatory residential burning restrictions generally apply to everyone in the entire seven-county Denver metropolitan area below 7,000 feet. The only exceptions to the residential burning restrictions are for people living above 7,000 feet; those who use Colorado Phase III (Phase II EPA) certified stoves, Colorado approved pellet stoves, approved masonry heaters or those whose stoves or fireplaces are their primary source of heat. Effective February 23, 2009 all Breckwell pellet stoves have been added to the list of Colorado Approved Pellet Stoves.
OREGON STATE TAX CREDIT INFORMATION
The state of Oregon, through a program called the RESIDENTIAL ENERGY TAX CREDIT (RETC) now allows tax credits for purchases of new wood stoves and pellet stoves that meet the definition of "very efficient Biomass Combustion Devices. The tax credit is up to $300 maximum". Pellet stoves that qualify must produce less than 2.5 grams an hour while in use. Breckwell stoves qualify for this credit.
Visit the Oregon Department of Energy website for more information.
WASHINGTON STATE WOOD STOVE REQUIREMENTS
Washington has strict laws about wood stoves and other wood burning devices. To be sold in Washington, all wood burning devices must meet both the EPA's standards and Washington's stricter standards. Most Breckwell stoves meet these standards and are approved for sale and use in Washington state. For an offical list of units click here.