Consumers buying highly efficient wood stoves will be able to claim a 30% tax credit that is based on the full cost of the wood stove, including purchase AND installation.
The tax credit is capped at $2,000 annually with no lifetime limit.
The 30% tax credit is valid from January 1, 2023 through December 31, 2032.
Qualifying wood stoves must meet at least a 75% HHV efficiency value.
You will need your purchase receipt (showing cost of product and installation). You will also need a HearthStone manufacturer certificate stating that the stove qualifies for the credit and is at least 75 percent efficient HHV.
