Congress Passes Substantial Tax Credit for Wood Heaters

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.