The American Recovery and Reinvestment Act of 2009 (Recovery Act) signed into law on February 17, 2009, includes a 30% consumer tax credit (up to $1,500) for the purchase of 75%-efficient bio-mass burning stoves (i.e. wood and pellets) and can be used towards the stove, venting, hearthpads and installation costs for the 2009 taxable year and again in 2010.
The new tax credit begins immediately and applies to qualifying bio-mass burning stoves already purchased in 2009; the Internal Revenue Service (IRS) has issued a full list of efficiency guidelines regarding which products qualify.
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