2009/2010 Biomass Tax Credit
All Kuma Wood Stove models are over 75% efficient and qualify for the biomass tax credit. Below is a complete list of our models.
TAMARACK- Available on legs or pedestal.
WOOD CLASSIC- Available on legs or pedestal.
SEQUOIA- Available on legs or as a Fireplace Insert.
ASHWOOD- Available on legs, pedestal, or as a Fireplace Insert.
Download the efficiency Certificate here
Included in the 2009 Economic Stimulus legislation signed into law by President Obama on February 17, 2009, is a 30% (up to $1,500) consumer tax credit in 2009 and 2010 for the purchase of a 75% efficient biomass-burning stove as measured using a lower heating value.
The tax credit provisions in this new legislation contain improvement amendments to the legislation passed in October 2008. The major changes made were an extension of the credit to 2010 and an increase of the credit from $300 to 30% of the total cost up to a maximum of $1500.
Guidelines for determining what stoves meet the efficiency requirements to qualify for the credit or how a manufacturer will qualify their products are determined by the U.S. Department of the Treasury and the Internal Revenue Service (IRS). The tax credit took effect January 1, 2009.
Frequently asked questions
Q: Which Kuma Stoves models are approved for this credit?
A: As of June 29, 2009 All Kuma wood stove models qualify for the tax credit.
Q: When does this tax credit go into effect and how long will it last?
A: The tax credit goes into effect January 1, 2009 and is valid only for the purchase of a qualifying biomass-burning stove in 2009 and 2010. The sales receipt must indicate that the purchase was made between January 1, 2009 and December 31, 2010. If a retailer sells a stove before the list of qualifying stoves is made public, the retailer must keep a complete record of the sale (name and full contact information) so the purchaser can be notified.
Q: How will a consumer know that a product is certified?
A: The manufacturer will have to certify that its product meets or exceeds the IRS efficiency requirements. A manufacturer’s certification is a signed statement from the manufacturer certifying that the product qualifies for the tax credit. The IRS encourages manufacturers to provide these certifications on their websites to facilitate identification of qualified products. Tax payers must keep a copy of a certification statement for their records, but do not have to submit a copy with their tax return.
Q: I already purchased a qualifying Kuma Stove, what do I need to do now?
A: All you will need in order to take advantage of the tax credit will be the sales receipt for the stove purchase and the efficiency certification. You may obtain the efficiency certificate here or through your dealer.
