Congress Passes Consolidated Appropriations Act of 2021, Including Tax Credit for Wood Heaters
The Consolidated Appropriations Act of 2021 officially passed on December 27th with extensive bipartisan support, including a significant tax incentive for homeowners who install a wood heater that produces heat at 75% or higher heat value. Homeowners who purchase heaters installed in 2021 that meet the EPA high efficiency standard will receive a 26% tax incentive for cost of purchase and installation, and will receive a 22% tax credit for heaters installed through 2022 and 2023.
Masonry heaters designed and built by New England Hearth and Soapstone may exceed a 75% higher heating value, allowing not only for significant initial tax savings, but for a continued reduction in heating cost throughout the year. Our masonry heaters require significantly less fuel than other wood-burning heating solutions, including fireplace inserts and wood-stoves. To learn more about our masonry heaters, click here. To read more about the recent legislation, click here.
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At New England Hearth & Soapstone, we strive to spread the joy of heating with firewood.