Posts Tagged ‘Tax Credit’

Efficient Wood Burning and the Tax Credit

Thursday, February 25th, 2010

Now is the time to purchase and efficient wood burning product! Why, you ask?

The available tax credit makes the option of buying an efficient wood burning product an affordable project.  Plus, you will be helping small businesses that are taking a huge hit by the economy.  Most small businesses can’t get credit now because their financials show the hit from the economy over the last two years (yes, it has been that long).  While getting credit is essential to small businesses, the major concern is lagging sales.  So, please save yourself some money and move to a greener energy option by going to an efficient, EPA approved wood stove, fireplace, or insert. 

You can get a 30% Tax Credit (up to $1500.00) on the cost of having an efficient wood burning appliance installed in your home (must be a primary residence; cannot be new construction or rental property for the tax credit).  The credit is determined by the cost of installing an efficient wood burner, not just the cost of the appliance itself.  This is a HUGE savings! 

So, you are thinking about purchasing a wood stove or fireplace and you realize that if you do; you will feel so good about yourself.  Because you were smart and saved money, because you helped a local small business survive for another day, and now you are socially conscious because you are heating your home in a “GREEENER” way!  Plus, now you can come home after a hard day and revert back to your primal instincts and play with fire, or just relax while watching the beautiful, efficient flames; while knowing your heating bill will not break the bank this year or next.

If you already have an open style fireplace, you can heat efficiently too by choosing a good quality wood insert.  There is an efficient wood appliance out there for everyone, every style, every size.

Don’t hesitate to call your local Specialty Hearth Retailer and find out how you can start saving money!

Contemporary Fireplace Options for New Construction or Remodels

Thursday, February 18th, 2010
Regency HZ54 Large Gas Fireplace

Regency HZ54 Large Gas Fireplace

I was just talking about the contemporary options for replacing gas logs, but there are other options available for the person in new construction or a remodel situation.  The fireplaces I am talking about are Direct Vent Gas Fireplaces designed with a contemporary flare.  These fireplaces offer higher efficiencies while still venting the unit to the outside.  All direct vent fireplaces do have sealed glass on the front of the unit, as this is part of what allows the unit to be vented and still efficient (stated in very general terms). 

Town & Country Wide Screen 54" Fireplace

Town & Country Wide Screen 54

Many fireplace manufacturers have started to make fireplaces with a more contemporary feel.  We have found two manufacturers that we are very pleased with.  If you are looking to achieve a contemporary feel with your fireplace then I recommend checking out the Regency Contemporary Line of products or the Town & Country Line of products.  Both of these options offer great quality products by people who have been in the business of making fireplaces for decades.  The other nice thing about these fireplaces is that you can customize the fireplace, by choosing trim color, interior panel color, burner style etc…  (This can be great when you know what you want, and it can be overwhelming when you don’t know what you want, but either way it is great to look at all the options).  Both of the manufacturers I mention do offer some kind of “Design a Fireplace” option on their websites so you can look at your choices on line in a very user friendly way.

The Direct Vent Gas Fireplaces are a more expensive option than the gas log replacements I mentioned in an earlier post, but if you don’t have a fireplace then this is the way to go for looks and efficient gas heat (Natural gas or Propane). 

As a side note, if you want an ethanol burning fireplace then you should look at the Ecosmart Fires.  They are very cool and easy to adapt to just about any setting.  They are on the cutting edge! While their products tend to be pricey they are the only gas product that does qualify for the 30% (up to $1500) Tax Credit and this helps offset their cost tremendously.  The picture I have chosen for the Ecosmart fire is one of their outdoor products.  They have many, many indoor options; but I really like the tower and wanted to show it.

Ecosmart Tower - Outdoor Ethanol Collection

Ecosmart Tower - Outdoor Ethanol Collection