$1,500 CONSUMER TAX CREDIT!
The AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009 (RECOVERY ACT) signed into law on February 17, 2009, includes a 30% consumer tax credit (up to $1,500) for the purchase of 75%-efficient bio-mass burning stoves (i.e. wood and pellet)and can be used towards the stove, venting, hearthpads and installation costs for the 2009 taxable year and again in 2010. The new tax credit begins immediately and applies to qualifying bio-mass burning stoves already purchased in 2009; the IRS has issued a ful list of efficiency guidelines regarding which products qualify.
The Recovery Act is an unprecedented effort to jumpstart our economy, create or save millions of jobs, and put a down payment on long-neglected challenges so our country can thrive in the 21st century. The Recovery Act targets investments towards key areas that will save or create good jobs immediately, while also laying the groundwork for long-term economic growth – including $43 billion to “Revive the renewable energy industry and provide the capital over the next three years to eventually double domestic renewable energy capacity” – which offers a 30% consumer tax credit (up to $1,500) for the purchase of 75%-efficient bio-mass burning stoves (i.e. wood and pellets) and can be used towards the stove, venting, hearthpads and installation costs.
Consumers claim the credit on their federal income tax form at the end of the year. The credit then increases the tax refund or decreases the amount the taxpayer has to pay, dollar-for-dollar; whereas, tax deductions simply lower your taxable income. Please consult your tax advisor for more information. Additionally, all dealers will provide an efficiency verification certificate during the purchase – certifying that product qualifies for the tax credit. Please keep a copy of this certificate for your records.
All Lopi eligible products, featured by the Energy House, have been independently tested and/or reviewed by industry laboratories – Omni Environmental Labs or Myren Consulting. These third-party, independent testing laboratories ensure Lopi products meet or exceed the 75%-efficiency standard. To our knowledge, no other hearth manufacturer has gone through this crucial step to ensure safety and accuracy. All of the LOPI wood stoves, wood stove inserts, pellet stoves and pellet stove inserts exceed the 75% efficiency standard.
All Lopi products are manufactured in Mukilteo, WA – so your purchase of these American-made products provides you with an efficient and lovely bio-mass burning stove, and ensures your support of the Recovery Act to assist our economy and protect American jobs, so our country can thrive in the21st century. This is an important consideration to remember when purchasing a bio-mass burning stove.
As more manufacturers come online with the program, we will make those products available.
You may go to the website and view any of the products and then contact either of our showrooms for more assistance from our helpful consultants.
Gilroy 408-842-6570
San Carlos 650-593-1496
