Save Money on Home Heating with Tax Credits & Other Incentives

Older wood stoves and wood heaters can impact the quality of the air both outdoors and even inside your home. Updating your old stove with a more efficient option conserves energy, improves air quality and enhances the aesthetics of your home. It also saves you money, especially if there’s a wood stove changeout program or tax incentive available for you to leverage.

Residents of communities with changeout programs can qualify for rebates, low/no interest loans and/or discounts to replace old appliances with cleaner-burning options. There are also tax credits, deductions, exemptions and rebates provided by state, federal and local governments.

Any of these options can significantly lower the cost of replacing your old stove or heater, making the investment easier to manage financially and the long-term payoff even greater.

Hearth & Home Technologies is proud to offer a lineup of fireplaces, stoves, and inserts, that are tested to meet the most rigorous emission standards. Get started by checking to see which of the available savings programs below apply to you, then connect with your local dealer to find the right stove or fireplace to suit your home-heating needs.

Federal Tax Credit

Congress has extended the $300 tax credit for qualifying biomass stoves and fireplaces—stoves and fireplaces that burn wood or wood pellets and are at least 75 percent efficient—through the end of December 2020.

How to find a qualifying product:

1. Browse the full lineup qualifying products.

2. Connect with your local dealer with any questions and to finalize your selection and schedule installation.

How to claim:

1. Complete eligible purchase by December 31, 2020.

2. Retain the receipt(s) from your purchase.

3. Download and save our manufacturer’s certificate stating the stove qualifies for the biomass tax credit.

4. Claim the credit on your federal income tax form, located in the “credits” section of the Federal portion under home ownership and residential energy credit. (Consult your tax professional for additional filing help.)

Purchased a qualifying product in a previous tax year? If you made a qualifying purchase in a previous tax year and you want to claim the credit, you must file an amended return using IRS Form 1040-X.

Ongoing Wood Stove Changeout & Incentive Programs

A wood stove changeout program is a voluntary program initiated at the local, 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.

To view a list of ongoing wood stove changeout programs, hit the arrow icon in the upper left-hand corner of the map below. To search for your area by address, hit the square icon in the upper right-hand corner of the map below to open the map in a new window with a search bar. (Map courtesy of HPBA Woodstove Changeout initiative.)

Your local dealer will be happy to guide you to the right product for your home that qualifies for local incentive programs.