2023 – 2032 Wood and Pellet Heater Investment Tax Credit (25C)
What is the Wood and Pellet Heater Investment Tax Credit?
High-efficiency biomass heating products qualify for a tax credit under Section 25(C) of the Internal Revenue Code (“IRC” or “tax code”). This 30 percent tax credit – capped at $2,000 – is available for appliances installed on or after January 1, 2023. Central Boiler Classic Edge 360, 560, 760, 960 HDX and Maxim M255 PE models qualify for the credit.
Homeowners that purchase and install a Classic Edge HDX or M255 PE model can claim the 30% tax credit, capped at $2,000, by using form 5695 when filing federal income taxes in the year the installation is completed.