What Is the Energy Property Tax Credit for Installing a Wood-Burning Stove?

In Massachusetts, residents can receive a state income tax credit for installing a wood-burning stove as an energy-efficient heating source. This tax credit is part of the Energy Property Tax Credit program, which aims to encourage homeowners to use renewable energy sources. At New England Hearth & Home in Canton, MA, we have a variety of wood models in our showroom that are eligible for this tax credit, allowing you to save money while making your home a cozy retreat. In this blog, we will discuss this tax credit, how to apply for it, what models are available, and how New England Hearth & Home can help.

calculating tax credit for installing a wood-burning fireplace stove in massachusetts

What Is the Energy Property Tax Credit in Massachusetts?

The Energy Property Tax Credit is a state income tax credit available to Massachusetts residents to purchase and install certain energy-efficient home heating systems. This includes wood-burning stoves, which are considered a renewable source of energy because they use wood as fuel instead of fossil fuels, such as oil or gas. Homeowners can receive a credit when they purchase and install a wood stove in their primary residence.

How Much Tax Credit Can You Receive for Installing a Wood-Burning Fireplace or Stove?

The amount of the tax credit depends on the cost of the wood stove and installation. Residents can receive up to a 30% tax credit and up to $2000 back (Forge & Flame, ‘Rebates & Tax Credits’) when they purchase and install an eligible model. When you purchase a wood stove from our showroom, our team can help you determine the cost and potential credit amount.

What Wood-Burning Stoves & Fireplaces are Eligible for the Tax Credit?

At New England Hearth & Home, we have a variety of wood-burning stoves and fireplaces that are eligible for the Energy Property Tax Credit. This includes models from top brands such as Regency and Vermont Castings, which are known for their efficiency and design. Our showroom showcases a range of styles and sizes so you can find the perfect fit for your home.

How Can I Apply for the Energy Property Tax Credit?

When our team helps you select and install a wood-burning stove from our showroom, we will provide all the necessary documentation for your tax credit application. We can help walk you through the process and find all the credits you may be eligible for. It is important to keep all receipts and documentation related to the purchase and installation of your wood stove to claim the tax credit.

Visit Our Showroom in Canton, MA, to Learn More About the Energy Property Tax Credit & Explore Our Wood-Burning Stove Models at New England Hearth & Home

Our team at New England Hearth & Home is dedicated to helping homeowners improve their homes while taking advantage of money-saving opportunities. Under the Energy Property Tax Credit, you can save money while investing in a wood-burning stove or fireplace that will add warmth and beauty to your home. We also offer 0% financing for 6 months on all major purchases, making it even easier to upgrade your home. To learn more, visit our showroom, contact us online, or call us at 781-562-0771!

Converting a Wood Fireplace to Gas

gas fireplace

Having a wood fireplace is great, but many homeowners are making the switch to gas. Wood fireplaces require a fair amount of upkeep, and you will spend a lot of money on wood. Lucky for you, making the switch to gas will not require you to get a whole new fireplace. Here are the benefits of switching to gas in your fireplace:

Cleaner Air and Home

Soot tends to get everywhere when you light a fire in your wood fireplace. If you don’t have proper ventilation, soot can get on walls and objects to create a sticky grease. Wood fireplaces also tend to release toxins into the air as well as pollutants. These include benzene, formaldehyde, and carbon monoxide. When you switch to a gas fireplace, you won’t have to worry about soot or debris, so your air will be a lot cleaner.

Energy Efficiency

Gas fireplaces are more environmentally conscious. They are created to mimic a wood fireplace but are manufactured with energy-efficient materials and technology. You will get a lot more energy from the fuel as heat, about 75 – 98%. Wood fireplaces do not get more than 30%. This is way better than wood fireplaces, which run at around 30 percent efficiency because they waste about two-thirds of their heat up the chimney.

Safety

When you have a fireplace in your home, there is always a risk for danger. When you have a gas fireplace installed by our professionals, you’ll find it to be a lot safer than a wood fireplace. Gas fireplaces have a system for safety shutoff, which can prevent gas leaks. When the fireplace is on and in use, the gas levels stay stable so that the flames do not get too big. Wood fireplaces are more prone to accidents, but it is still essential to make sure gas fireplaces are properly vented.

Easy to Use

Gas fireplaces are way easier to use than wood. Gas can be started with the touch of a button, rather than having to light logs and keep the flame going. If you are looking for a simple fireplace option, converting to gas is the way to go! Although gas still requires some work from time to time, try to make the switch. 

Contact New England Hearth & Home

The fireplace experts at New England Hearth & Home are here to help you choose the best fireplace options for your home. We can help convert your existing wood fireplace to gas! Contact us to learn more about our services and repairs. Call us today or send us a message through our contact form to get in touch with our experts.