Increased Tax Credits for Biomass Stoves and Heating Systems.
This bill significantly amends tax credits for citizens and businesses investing in biomass heating systems. It raises the maximum tax credit limit for energy-efficient biomass stoves and boilers to $10,000. Furthermore, it introduces a new, substantial 30% investment tax credit for qualifying open-loop biomass heating property, encouraging the use of domestic fuels.
Key points
The maximum tax credit for households purchasing and installing energy-efficient biomass stoves and boilers is increased to $10,000.
A new 30% investment tax credit is established for businesses and individuals installing larger, qualifying open-loop biomass heating systems.
Qualifying systems must meet strict requirements regarding thermal efficiency (minimum 75%) and emissions control technology.
These changes apply to property placed in service after December 31, 2025.
Introduced
Additional Information
Print number: 119_S_1345
Sponsor: Sen. King, Angus S., Jr. [I-ME]
Process start date: 2025-04-08