Get a 30% Tax Credit
for Choosing Energy Independence!
On February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Tax Act of 2009 (ARRTA). This economic stimulus package provides for a 30% tax credit (up to $1,500.00) for the purchase in 2009 and 2010 of a biomass-burning heating appliance with a thermal efficiency rating of at least 75% as measured using a lower heating value. “This stimulus legislation supports renewable energy and will help consumers control their winter heating costs,” said Jack Goldman, president of the Hearth, Patio & Barbecue Association (HPBA). “With the long-term rise in home heating prices, this tax credit will help alleviate some of the initial cost for those consumers wanting to purchase a 75%-efficient wood or pellet stove next year.”
For over 30 years, ENERGY KING heating appliances have provided homeowners with energy independence by offering high-quality, long-lasting solid-fuel home heating options, and we are proud to be able to offer several products which may qualify for this tax credit. By choosing to heat your home with an ENERGY KING heating appliance and domestically-produced solid-fuel, you are choosing energy independence!
To claim your tax credit:
After purchasing a qualifying ENERGY KING solid-fuel heating appliance, simply download and print the Official Manufacturer’s Certificate, which indicates that your new ENERGY KING heating appliance may qualify for the tax credit. Consult your tax advisor to determine whether you qualify for any potential tax credits, and for proper filing of any credits for which you qualify. You need not submit your certificate when you file your income tax return, however the IRS requires you to keep the certificate with your personal tax records.
ENERGY KING solid-fuel heating appliances which qualify for the tax credit are:
• ENERGY KING Bay 2000C woodstoves & fireplace inserts
• ENERGY KING model 385EK Wood Furnace with Automatic Draft
• ENERGY KING Silhouette 2850C Zero-Clearance Wood Fireplace
Download the Official Manufacturer’s Certificate.
If you purchased an ARRTA-qualifying bio-mass appliance in 2009, you can use this link to download the IRS form to claim your credits:IRS Form 5695 - Residential Energy Credits.
Some important points of the tax credit, as summarized by HPBA:
• This consumer tax credit is available for all qualifying products purchased on or after January 1, 2009,
as long as the manufacturer offers a certificate of qualification for the product you purchased.
• Installation is covered, as long as it is a requirement for the stove’s proper and safe functioning.
• This consumer tax credit only applies to existing principle residences.
• This consumer tax credit is available in both 2009 and 2010; however the total credit that you can claim
is $1,500. You can’t claim $1,500 in 2009, and then another $1,500 in 2010.
• This consumer tax credit is aggregate; in other words, the total $1,500 can include other energy-saving
products that are covered by ARRTA. For example, if you were to claim $900 on a new stove, then you
would have $600 to claim on the purchase of additional energy-saving products.
The IRS has provided guidance for the tax credit. Be sure to read the entire guidance, IRS Notice 2009-53, Non-business Energy Property, which can be found at www.irs.gov/pub/irs-drop/n-09-53.pdf. Consult your tax advisor to determine whether you qualify for any potential tax credits, and for proper filing of any credits for which you qualify.
If you purchased an ARRTA-qualifying bio-mass appliance in 2009, you can use this link to download the IRS form to claim your credits:IRS Form 5695 - Residential Energy Credits.
You can find out more about how your tax dollars are being spent to rejuvenate our economy at www.recovery.gov.
