Yes, the $1500.00 Bio-Mass Stimulus Tax Credit has been approved!!  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 $1500) for the purchase of 75% efficient bio-mass burning stoves (i.e. wood and pellets) and can be used towards the stove, fireplace, venting, hearthpads and installation costs for the 2009/2010 taxable year. 

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.

Consumers claim the credit on their federal income tax form at the end of the year. The credit then increases the tax refund or decreases the amount the taxpayer has to pay, dollar for dollar. Please consult your personal tax advisor for more information.

A Certificate of Efficiency MUST be provided with every purchase. This is required as part of the legislation.