Get your high efficiency wood stove now!
For those of you looking to buy a new wood stove, there are 30% tax credits for purchases made in 2009 and 2010.
There is a federal tax credit for biomass fuel stoves (used for heat or water heating) placed in service 2009 and 2010 for 30% of the cost, up to $1,500. The stoves must have a thermal efficiency rating of at least 75% as measured using a lower heating value.
The law defines “biomass fuel” as any plant-derviced fuel available on a renewable or recurring basis, including agricultural crops and trees, wood and wood waste and residues (including wood pellets), plant (including aquatic plants), grasses, residues, and fibers.
So suddenly that American made soapstone wood stove isn’t nearly as expensive. They are also having an ‘year end’ sale until the end of this month:
http://www.woodstove.com/pages/sale10day/sale.html
The prices I’m used to seeing on these is $2200-2400. If their rebate and sale info is right, that drops the price down to $1200-ish.
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jt8
lotsa worse things happen to better people than me every day. –Snort
Replies
I don't guess Coal qualifies then?
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where ...
Excellence is its own reward!
That would all depend on the time frame being considered. Coal is a resource that's constantly being renewed in peat bogs throughout the world - it just takes a few eons.Andy
"Never try to teach a pig to sing. It wastes your time and annoys the pig." Robert A. Heinlein (or maybe Mark Twain)
"Get off your dead #### and on your dying feet." Mom
"Everything not forbidden is compulsory." T.H. White, The Once and Future King
That would be amusing if they didn't put the time frame in there. In theory coal is renewable. Just takes a LONG time.
jt8
lotsa worse things happen to better people than me every day. --Snort
No longer than it would take the courts to settle a case on it. LOL
Welcome to the Taunton University of Knowledge FHB Campus at Breaktime. where ... Excellence is its own reward!
I was curious about how efficient the soapstone people's stoves where, so I emailed them. They pasted a FAQ:
Hello John,
Q: Your literature lists all of your woodstoves at 72% EPA Efficiency. What makes you so sure that your stoves will qualify for the 75% minimum?
A: The EPA Efficiency is a “default†efficiency... in other words, every EPA Approved Catalytic Woodstove is presumed to be at least 72% efficient. Under the actual efficiency testing standards proposed by the federal government our catalytic woodstoves will be in the 78-80% range.
http://www.woodstove.com/pages/Woodstove_Tax_Credit_FAQ.html
Regards,
Michael O'Neill
michaelo@woodstove.com
jt8
lotsa worse things happen to better people than me every day. --Snort
Thanks for posting all this good information. That's just the kind of stove I've had in mind for my new home. Looks like a fine company too.
This brings up one problem in the federal programs. What happens when a contractor takes a year off to build his own home? No income means no tax credit, right?
What about DW?jt8
lotsa worse things happen to better people than me every day. --Snort
She'll be "volunteering" full time, as my executive assistant (gofer) on the house. ;-)
I visited the Woodstock Soapstone Stove factory and picked up a Fireview. The people were great. The stove is great. Couldn't be happier.
If you're on the fence for a woodstove, I highly recommend Woodstock Soapstone.
Almost makes me wish I didn't already have a woodstove (Napoleon, not soapstone). The soapstone is the one I'd like to eventually have. And if it could really be had for $1200, that is a great price.
jt8
lotsa worse things happen to better people than me every day. --Snort
There's a good discussion on this subject here:
http://www.hearth.com/econtent/index.php/forums/viewthread/36224/