Feb 27, 2013
As you meet with your accountant or tax preparer to prepare 2012 taxes, remember to mention the purchase of a qualifying renewable energy appliance in 2012. You will want to make sure you get the proper tax credit for your purchase. If you have questions about what qualifies, you can read “25C Tax Credit Reinstated: Biomass Stove Tax Credit” and share this information with the person preparing your taxes.
In addition to this tax credit, there are quite a few other miscellaneous tax credits and tax deductions that are often overlooked and could be potential savings for you. Take a look at this list and see if any might apply to you.
If you’ve purchased a stove already in 2013, then be aware that this reinstated tax credit also applies to qualifying purchases in 2013. Make a note in your tax file to discuss next year.
May 3, 2012
Saving money is critical to most Americans and the rising price of oil is very concerning. Where will oil prices go in 2012? What will we be looking at for heating costs in only a few short months? Even though Spring is here and warm temps have us breathing a sigh of relief, we know that another winter will be here before we know it and planning is imperative.
So how much can you save on fuel for a pellet stove?
What is the least expensive fuel to use?
Your fuel costs are often determined by where you live, rather than the fuel itself. Sometimes corn will be less expensive than wood pellets and then the opposite may be the case. For those who grow renewable fuel or have it readily available, it can mean even more cost savings. It is best to determine first what the most reliable fuel source is and then negotiate the best price. Corn is usually the best overall bargain (it burns hotter) and is usually available anywhere in the country. Wood pellets are normally the most convenient, but a variety of renewable fuel centers are springing up around the country making all fuels convenient and available. It is nice to know that companies like American Energy Systems make Stoves that will burn a variety of fuels instead of just Wood Pellets.
You can compare fuel and find out the national averages of each fuel cost. Finding out the best fuel source is a step toward determining the best heating appliance for your home too; get your free guide today.