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To: Tell It Right

The other reason to consider buying this particular model of pellet stove is that there is a 30% tax credit on it again.
There was not when I purchased mine. Not only is the 30% credit on the actual stove buy on the SS pipe and installation too. So, it could be $2K off the total $7K price.

Again, these things make a lot more sense up here in rural New England where our choices to heat our homes are limited to oil, propane, coal, cord wood and electricity. If natural gas is available it does not make as much sense.

FYI, my 52 year old house originally had electric radiant heat in the ceilings. This is because it was built during the oil embargo of the early 1970s. When electricity was actually cheaper than oil. The house has blue board attached to the ceiling joists. Then 18 gauge wires attached to the blue board. Then about 1/4” of skim coat plaster was applied over that.

The house had a thermostat in every room when we bought it. However, the previous owner had installed a forced hot water boiler furnace in the 1980s. With baseboard hygromic radiators. I removed the thermostats and reused the eight 20 amp circuits for other purposes like ceiling fans in the bedrooms. Some we just disconnected in the main panel and labeled where they went. In case we wanted to use them again in the future. There is 12/2 Romex going to each box.


37 posted on 05/08/2024 6:48:12 AM PDT by woodbutcher1963
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To: woodbutcher1963

Does the 30% tax credit artificially raise the price you pay up front? I see that with the EV tax credit and the solar tax credit. It basically didn’t help me with my purchases. In fact, I’m still waiting for my solar tax credit to come in from my year 2022 upgrades. (The tax credit is non-refundable, but does carry forward. So the two tax filings I’ve done since then didn’t have me at a high enough tax liability to get the entire tax credit — I got only as much tax credit as my tax liability. The remaining from the 1st year was passed to the 2nd year, then more to when I file taxes a year from now.)


38 posted on 05/08/2024 7:30:50 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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