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TAX CREDIT EXTENDED THROUGH 2011 WITH MODIFICATIONS:

Arlington, VA – (December 21, 2010) On Friday, December 17, President Obama signed into law the $858 billion tax package that keeps current tax rates in place and extends a series of tax credits geared toward boosting the sluggish economy. Included in this package was the extension of a tax credit for biomass heating appliances that was set to expire on December 31st.
The new tax credit as outlined provides:

  • 10% credit for the purchase of biomass heating appliance in 2011, capped at $300
  • Credit applies to purchase price only and is not extended to installation

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