30% Tax Credit in Stimulus for Biomass

30% Tax Credit in Stimulus for Biomass

PostBy: Kenbod On: Wed. Feb. 25, 2009 12:01 am

The wood and pellet guys are advertising a component of the 2009 Stimulus Program. This program expands upon the Bush plan in that it allows a 30% (as opposed to $300) tax credit on the purchase of biomass heating units achieving efficiencies of at least 75%. It maxes out at $1500. That's real money. A $4500 wood or pellet boiler could now be more like $3000. Sure coal is still cheaper per BTU (by far), but sooner or later, we will be getting a "fossil fuel BTU tax" just like in Europe. It's just a matter of time.

I know that most of us are coal burners, but in my case it had more to do with overall economics, automation, and function. For those of us with family or friends considering a solid fuel choice, that cash could definitely tip the scales toward wood. If those incentives are out there, everybody should know about them.
Kenbod
 
Stove/Furnace Make: Van Wert Simplex Multitherm
Stove/Furnace Model: Keystoker Kaa-2


Re: 30% Tax Credit in Stimulus for Biomass

PostBy: tvb On: Wed. Feb. 25, 2009 12:21 am

Most of the tax credits for energy upgrades have been doubled under the new stimulus plan. Details here

https://www.energystar.gov/about/federal_tax_credits
tvb
 
Stove/Furnace Make: Alaska
Stove/Furnace Model: Channing III

Re: 30% Tax Credit in Stimulus for Biomass

PostBy: Paperboy On: Wed. Mar. 18, 2009 9:46 pm

As far as I'm concerned, coal is "the ultimate" biomass fuel. It's just not from the current model year :D !!
Paperboy
 
Hand Fed Coal Stove: Alaska Kodiak; Atlanta Homesteader
Stove/Furnace Make: Alaska; Atlanta
Stove/Furnace Model: Kodiak; Homesteader

Re: 30% Tax Credit in Stimulus for Biomass

PostBy: Scottscoaled On: Wed. Mar. 18, 2009 9:51 pm

So buy one that burns coal too. :) Scott
Scottscoaled
 
Stoker Coal Boiler: EFM 520, 700, Van Wert 800 GJ 61,53
Baseburners & Antiques: Magic Stewart 16, times 2!
Coal Size/Type: Lots of buck
Other Heating: Slant Fin electric boiler backup

Re: 30% Tax Credit in Stimulus for Biomass

PostBy: whistlenut On: Wed. Mar. 18, 2009 9:54 pm

Hey, there are NO bio-fuel boilers for 4500 greenbacks. Isn't happening this year or next, soooooooo
whistlenut
 
Stoker Coal Boiler: AA130's,260's, AHS130&260's,EFM900,GJ & V-Wert
Hand Fed Coal Boiler: Franks,Itasca 415,Jensen, NYer 130,Van Wert
Hot Air Coal Stoker Furnace: Alaska, EFM, Keystoker, Yellow Flame
Hot Air Coal Stoker Stove: Alaska, Keystoker-2,Leisure Line
Hand Fed Coal Stove: Alaska, Gibraltar, Keystone,Vc Vigilant 2
Hand Fed Coal Furnace: Ford, Jensen, NYer, Van Wert,
Baseburners & Antiques: Glenwoods
Coal Size/Type: Barley, Buck, Rice ,Nut, Stove
Other Heating: Oil HWBB

Re: 30% Tax Credit in Stimulus for Biomass

PostBy: Richard S. On: Tue. Mar. 24, 2009 5:23 pm

Even with a rebate a lot of people will not save money. Lowes has a 40 lb. bag of pellets listed at $6.49

To keep it simple lets say $6 per 40 lb. bag of coal or $300 per ton BUT we need about 1.5 tons of pellets to equal 1 ton of coal. So we have about $450 compared to whatever you're paying for coal per ton... It's a significant difference. In my case about It would cost me $2000 more in heating season if I used pellets.
Richard S.
 
Stoker Coal Boiler: Van Wert VA1200
Coal Size/Type: Buckwheat/Anthracite