The U.S. Biomass Tax credit allows for a tax credit of 26% of the purchase and installation costs for eligible products purchased and installed between January 1, 2021 and December 31, 2022.
For eligible products purchased and installed between January 1, 2023 and December 31, 2023, the tax credit is reduced to 22% of the purchase and installation costs.
Any eligible product purchased in 2020 but installed in 2021, can be claimed on a 2021 tax return.
Products must be claimed on the tax return year in which the product installation is complete.