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.
Looking to claim the Biomass tax credit for 2018-2020? Click here.
Q. Which of your products qualify for this credit?
A. Download the Certification Statement below to determine which products qualify for this U.S. tax credit.
Q. What do I need to do in order receive my tax credit?
A. Purchase an approved unit, then download and print the official Manufacturer’s Certificate (below). This shows that your product qualifies for the U.S. tax credit. When filing your return, complete the IRS form F5695 with the necessary information and submit your sales receipt. The certificate proves authenticity when filing your return, but does not need to be submitted. The IRS does require that you hold the certificate for your personal records.
2021 Regency Manufacturer's Certification Statement
Q. What if I have more questions about the tax credit?
A. See this website.
If you still have questions about the U.S. Biomass Tax Credit, please speak to your personal tax consultant. If you have any questions about Regency products that qualify, please contact us.
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