If Purchased in 2022
What is this tax credit?

• Effective Dates: The new tax credit under Sec. 25(D) of the U.S. Internal Revenue Code (“IRC” or “tax code”) is in effect from January 1, 2021 for qualifying purchases and installations completed on or after that date, through December 31, 2022.

• Credit Amount: 26% of the purchase and installation costs (including venting, blower, ash pan, trim kits, hearth pad, and labor),  for 2021 and 2022 (with no cap or lifetime limit) under Sec. 25D of the U.S. tax code. Tax credit can add up to $2,000 or more!

• Qualifying Products: Any biomass-fueled heater (wood stove, wood insert, pellet stove or pellet insert) and is 75 percent efficient per the higher heating value (HHV) of the fuel.
• Any product ordered in 2021 that qualifies for the new Sec. 25(D) credit, but isn’t installed and paid for until 2022, can be claimed under the Sec. 25(D) credit on a 2022 tax return. 
• The credit must be claimed on the tax return year in which the purchase of the product and installation is complete.

 

If Purchased in 2023-2032
What is this tax credit?

• Effective Dates: The new tax credit under Sec. 25(C) of the U.S. Internal Revenue Code (“IRC” or “tax code”) is in effect from January 1, 2023 for qualifying purchases and installations completed on or after that date, through December 31, 2032.

• Credit Amount: Creates a new tax credit of 30% (capped at $2000.00) of the purchase and installation costs (including venting, blower, ash pan, trim kits, hearth pad, and labor) for 2023 through 2032 (with no lifetime limit) under Sec. 25C of the U.S. tax code.  Tax credit can add up to $2,000!

• Qualifying Products: Any biomass-fueled heater (wood stove, wood insert, pellet stove or pellet insert) and is 75 percent efficient per the higher heating value (HHV) of the fuel.
• The credit must be claimed on the tax return year in which the purchase of the product and installation is complete.

 

*Please consult with your Tax Advisor to confirm your eligibility for this Tax Credit.

 

How to Claim

• You will claim your credit when you file your federal income tax return
• Online/Software: Enter it into the Home Ownership & Residential Energy Credit section
• By Mail: Include the Lopi Tax Credit Certificate and Residential Energy Credit Form 5695.

 

Questions? Contact us today and we will be happy to assist you.

One of the great features of a wood stove is the cooktop surface. Not only will your wood stove heat your home – even during power outages, but it also gives you a wonderful cooking surface to prepare food. All our Lopi Steel Wood Stoves offer excellent cooking surfaces but the Lopi Endeavor and Liberty step-top design are unique in the fact that that they offer both a cooktop and a warming surface. Here are some pro tips for making cooking on your wood stove enjoyable and successful.

High Heat Cookware is essential, a good tip is if you can put it in your oven it is safe for your stove top. We highly recommend cast iron cookware: pans for frying and sautéing and dutch ovens for soups, stews and roasts. Think about adding a grilling basket if you want to adventure into cooking inside your stove. Don’t forget about oven mitts or wood stove friendly gloves!

Keep a Lid on it! Your pots and pans are lonely and can use a nicely fitting lid. A good lid will expand the range of foods you can cook and the speed at which they cook. Think cinnamon rolls, achieving the perfect crusty dutch oven breads, and all your favorite casseroles. Added bonus – they’ll help to keep your wood stove clean and free from grease.

Elevate Your Cooking – Keep your pots and pans off of direct contact with a trivet so you do not burn your food or scratch the surface of your stove. The upper surface of your step top is ideal for warming. Since it is protected by the convection chamber, temperatures will not get a hot. This surface is idea for warming soup, making coca for the kids and for mulling spices to add to the atmosphere of your home.

A Magnetic Stove Thermometer is excellent at achieving familiarity with your stove surfaces and the variety of temperatures they can reach. If you want to go pro you can use and infrared hand held temperature gun to determine the exact temperature in any area, plus you look really cool using it.

 

 

Your safety is our number one concern. All Stoves and Fireplaces models are very safe to own and operate in your home.

If you have young children or pets in your home, consider installing a fire screen. Make sure the fire screen is tall enough and placed far enough away so that reaching arms can’t touch the surface of the hot glass on the fireplace or insert. This will allow everyone in your home to safely enjoy the comfort and warmth of your stove or fireplace.