As part of the Tax Relief Unemployment Insurance Reauthorization and Job Creation Act of 2010 (TRUIRJCA), homeowners who install a 75%-efficient biomass stove in 2011 are eligible to receive an energy tax credit of up to $300.
This is a great opportunity for you to save on your heating costs, while using renewable energy resources such as wood or pellets made from lumber by-products.
Lennox Hearth Products offers a variety of products that meet or exceed the Internal Revenue Service (IRS) guidelines, including:
Bella™ models Bella-B and Bella-BE
Winslow™ model PS40
Montage™ model 32FS
Cascade™ model Cascade
Winslow model PI40
Striker™ models S160T and SA160T
Performer™ models SS210T and ST210S
Legacy™ model S260T
Canyon™ model ST310T
Grandview™ models GV230 and GV300
Striker models C160T, C160A and CA160
Performer models C210T, C210A and CA210
Legacy model C260T
Elite model E260T
Canyon model C310T
Montlake™ model ML230
Brentwood™ model Brentwood SP
Brentwood™ LV model Brentwood LV
Montecito™ model MONTE
Montecito Estate™ model MONTEST
Villa Vista™ model Villa Vista
Ladera™ models LADERA-BK and LADERA-BN
BIS Ultima™ model BIS Ultima-1
BIS Ultima™ CF modelBIS Ultima CF
BIS Tradition™ CE model BIS Tradition CE
BIS Tradition™ model BIS Tradition
BIS Panorama™ model BIS Panorama
BIS Nova™ model BIS Nova
Profile™ models Profile20FS-2 and Profile30FS-2
Profile model Profile30INS-2
* The 10% tax credit (up to $300) is not an instant rebate or product discount. It is a tax credit provided by the IRS as part of the TRUIRJCA and is applicable when filing personal income taxes for the 2011 tax year. Please consult with a tax advisor or the Internal Revenue Code for more information.
For tax years 2006–2011, there is a $500 cap on home efficiency tax credits claimed by a single consumer. For example, if you claimed $300 in 2007, you can only claim $200 in 2011. However, if you claimed a $1,500 tax credit as a part of the 2009–2010 tax credit, you will benefit from the full amount, but are not eligible for the 2011 $300 tax credit.