Anderson Fireplace & Spas is a full service company offering many solutions to your hearth, patio, barbeque, and pool or spa needs.

Consumer Tax Credit Update

On January 1, 2011, the Internal Revenue Service issued its guidance for the 10% consumer tax credit (up to $300.) for the purchase and installation of a 75% efficient biomass-burning stove. The details are:

• To be considered, a stove must use the burning of biomass fuel to heat a dwelling unit or to heat water for use in such a dwelling unit, and have a thermal efficiencey rating of at least 75% as measured using a lower heating value.
• The consumer tax credit is 10% (up to $300) for the purchase and installation of a 75% efficient stove. The credit is available in 2011.
• If a taxpayer uses the entire $300 tax credit on a competing product then the credit cannot be used again for a biomass stove.
• This credit applies only to existing principle residences.
• Manufacturers must provide a certificate of qualification for each product as required in the guidance for the customer's records.

For more complete information, visit the HPBA website.