THE U.S. BIOMASS TAX CREDIT

The U.S. Biomass Tax credit allows for a tax credit of 26% of the purchase and installation costs for eligible products purchased and installed between January 1, 2021 and December 31, 2022.
 
For eligible products purchased and installed between January 1, 2023 and December 31, 2023, the tax credit is reduced to 22% of the purchase and installation costs.

Please follow the manufacturer links to confirm your stove’s eligibility.
 
Any eligible product purchased in 2021 but installed in 2022, can be claimed on a 2022 tax return.

The 2023 Tax credit for applicable units, capped at $2000, are for units installed in 2023, even if purchased in 2022.
 
Products must be claimed on the tax return year in which the product installation is complete.

Q. Which of your products qualify for this credit?

A. Download the Certification Statement below or click the manufacturer’s link on each page and navigate to their information to determine which products qualify for this U.S. tax credit.

Q. What do I need to do in order receive my tax credit?

A. Purchase an approved unit, then download and print the official Manufacturer’s Certificate from their websites. Click the link to download the Certificate or if you need more information click the manufacturer’s website link that appears on each page of our site and navigate to the information. Not all manufacturers have the Certificates on their websites as yet but will be adding them throughout the year. But each manufacturer will show which product qualifies for the 2021 U.S. tax credit. When filing your return, complete the IRS form F5695 with the necessary information and submit your sales receipt. The certificate proves authenticity when filing your return, but does not need to be submitted. The IRS does require that you hold the certificate for your personal records.

Q. What if I have more questions about the tax credit?

A.  Click on the link to be taken to the HPBA.org website for more information.