Wood and Pellet Heater Tax Credit Update and What's Next
As previously reported, the U.S. House of Representatives was unable to hold a vote on a large reconciliation bill on Friday, November 5. They did vote on an infrastructure bill, but they did not vote on the legislative language affecting energy efficiency tax credits. The House hopes to hold a vote before Thanksgiving, which means there will be a vote-a-rama showdown in the U.S. Senate between U.S. Thanksgiving and Christmas. For advocacy purposes, this only means there is
Electrification/Gas Ban Toolkit
You probably have questions, or your customers have questions. What do these proposed bans and restrictions mean for our industry? What do they mean for the retailers? HPBA has been working on this issue with coalitions and on its own for several years. We’ve pulled together some of this material in the Gas Ban Toolkit on our webpage. It includes some background information, natural gas facts, frequently asked questions, a simplified one-page graphic that can be shared with c
IRS Updates 2021 Tax Form for Wood and Pellet Heater Tax Credit
The IRS has updated its draft forms (but not instructions) for 2021 taxes, including the Residential Energy Credits tax form (Form 5695). Eligible taxpayers will be able to claim the new Section 25(D) tax credit for qualifying biomass stoves on line 5 of tax form 5695. Unlike in previous iterations of this tax form, biomass is specifically mentioned on the form and on its own line. The credit may be claimed in the year in which a qualifying product is installed. So, if a pr
New at HPBExpo 2022
CSIA Collaboration
We are excited to announce our collaboration with Chimney Safety Institute of America (CSIA) to add more educational opportunities to the 30+ sessions that the Hearth, Patio & Barbecue Education Foundation already offers at HPBExpo. The added bonus is that these additional classes are included with the education passport fee. We are really excited about the potential of attracting even more chimney sweeps to HPBExpo, as it will now be the place to keep up
Build Back Better Details Emerge, Future Uncertain with Divided Congress
During the last week of October, the White House revealed some details of Democrats’ $1.75 trillion social spending bill – known as the Build Back Better Act. Due to objections by Sen. Joe Manchin (D-WV), the package no longer contains the Clean Electricity Performance Program, but still contains several tax credits and rebates for electrification-based incentives. While reducing reliance on natural gas and propane is an undercurrent of the package, there are also significa
