FARMINGTON – The IRS recently released its guidelines for the tax credit for purchasing energy efficient stoves qualifying the majority of Jøtul wood stoves and inserts for the credit. Jøtul stoves are available at Northern Lights in Farmington, Maine.
The tax credit is part of the 2009 Economic Stimulus Act and is retroactive to wood stoves and inserts purchased anytime in the calendar year of 2009 as well as throughout 2010. The new provisions provide a 30% tax credit, up to $1,500, for the purchase of a 75 percent-efficient biomass-burning stove as measured using a lower heating value. Taxpayers who purchase a qualified stove in 2009 or 2010 will receive the credit at tax time.
“This tax credit comes at the perfect time – when people are trying to make their homes more energy efficient and less reliant on foreign oil, but are having difficulty making the transition due to the economy,” notes Bret Watson, president, Jøtul North America. “This credit basically gives 30 percent off the purchase price of the stoves – up to $1,500 – making them much more affordable to people who otherwise wouldn’t be able to consider this option. Not only will taxpayers save money now through the tax credit, but they will save money on their heating bills in the years to come by buying these energy efficient stoves.”
Qualifying Wood Stoves and Inserts:
Jøtul F 100 Nordic QT
Jøtul F 3 CB
Jøtul F 400 Castine
Jøtul F 500 Oslo
Jøtul F 600 Firelight
Jøtul F 118 Black Bear
Jøtul F 602 CB
Jøtul C 350 Winterport
Jøtul C 450 Kennebec Jøtul C 550 Rockland
Northern Lights will provide a certification statement on all qualified stoves for taxpayers to use as proof of the stove’s qualification for the tax credit. For more information, contact Northern Lights at 800-789-6566 or e-mail nlights@beeline-online.net in Farmington, Maine.
Jøtul North America is part of the Jøtul Group that employs 750 people. The Group’s net sales in 2008 was approximately USD 142 million. The Jøtul Group brands are Jøtul, Scan and Atra.
The Jøtul Group is a Norwegian company with subsidiaries in USA, France, Denmark, United Kingdom, Spain, Italy and Poland. The manufacturing units are located in Fredrikstad, Halden and Drammen in Norway, Portland in USA, Motz en Chautagne in France, Gdansk in Poland, and Vissenbjerg in Denmark.
Contact Northern Lights at (207) 778-6566, or fax (207) 778-3192. You can email Northern Lights here. Visit them online at www.nlightstove.com.
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