On January 1, 2023, a new wood and pellet heater investment tax credit became effective for qualifying purchases completed on or after that date, through December 31, 2032. Found under section 25(C) of the tax code as modified by the "Inflation Reduction Act of 2022," this new credit covers 30% of the purchase and installation costs (up to a $2,000 annual credit) for tax years 2023 through 2032. Shop eligible models now online or in-store at your local authorized dealer. Biomass Stove Tax Credit