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Federal Tax Credits for Consumer Energy Efficiency

If you purchase an energy-efficient product or renewable energy system for your home, you may be eligible for a federal tax credit. Below you will find an overview of the federal tax credits for energy efficiency.

Please note, not all ENERGY STAR qualified products qualify for a tax credit. ENERGY STAR distinguishes energy efficient products which, although they may cost more to purchase than standard models, will pay you back in lower energy bills within a reasonable amount of time, without a tax credit.

Biomass stoves burn biomass fuel to heat a home or heat water. Biomass fuel includes agricultural crops and trees, wood and wood waste and residues (including wood pellets), plants (including aquatic plants), grasses, residues, and fibers.

Requirements:

1. Thermal efficiency rating of at least 75% as measured using a lower heating value.
2. Tax Credit includes installation costs.

Tax Credit: 30% of cost up to $1,500
Expires: December 31, 2010
Details: Must be an existing home & your principal residence. New construction and rentals do not qualify.

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