American 30% Biomass Tax Credit: Claim up to $1,500
The Internal Revenue Service (IRS) has announced a 30% consumer tax credit (up to $1,500) on the purchase and installation of an energy efficient biomass-burning heater for your home. Napoleon® wood stoves, inserts, pellet stoves and pellet inserts, as well as our new Biomass furnace will meet or exceed the 75% efficiency rating standard set by the government.
For a complete list of qualifying units, please refer to the Napoleon® Certificate of Eligibility.
Napoleon® customers taking advantage of the tax credit require a Napoleon® Certificate of Eligibility to be remitted with your tax return. Napoleon® is proud of our continued support of the use of renewable energy resources and our commitment to energy efficient heating.
This credit can be applied to existing principal residences and is effective immediately, retroactive to any Biomass heating unit purchased since January 1, 2009. For additional tax information please visit the IRS website.
Canadian Home Renovation Tax Credit: Claim up to $1,350
Now, more than ever, consumers are looking for a reason to add value to their biggest investment — their home. The Canadian Home Renovation Tax Credit (HRTC)
has been introduced for personal residential home improvements made during the 2009 tax year.
The HRTC allows you to claim on your return for a new Napoleon® fireplace, stove, insert, woodstove or furnace. You'll be able to claim the credit for the 2009 tax year however work has to be finished no later than Feb. 1, 2010 — So don't wait! Make your home cozy and warm this year and SAVE!
For more information please visit the Canada Revenue Agency