HPBA has released two new tax credit flyers. The first one – for the 26 percent 25(D) tax credit – is available (page one and page two). The most important thing to note about this version of the tax credit is that it is expiring at the end of 2022. This means purchase and installation … Continue reading Tax Credit Flyers from HPBA Now Available
Tag: Government
The ASHRAE Board of Directors approved Addendum ‘j’ for publication in Standard 62.2, Ventilation and Acceptable Indoor Air Quality in Residential Buildings, during its October 14th meeting. Recall that Addendum ‘j’ prohibits unvented combustion space heaters in ASHRAE-compliant homes, effectively banning all vent-free hearth appliances if a jurisdiction adopts these provisions of the ASHRAE standards … Continue reading ASHRAE 62.2 Committee Moves to Ban Vent-Free Products
The ASHRAE 62.2 Committee convened in January for the group’s Winter Conference. The Committee discussed Addendum ‘j,’ which would prohibit all vent-free heaters in ASHRAE 62.2-compliant homes. Commentors opposing Addendum ‘j’ addressed the committee in hopes of either modifying or overturning the addendum. Despite a lively discussion and industry opposition, the 62.2 Committee is moving … Continue reading ASHRAE 62.2 Ban on Vent-Free Appliances Moves out of Committee
As the HPBA Government Affairs team prepares for state legislative sessions to start, we anticipate that forced electrification will continue to find its way into the discussion, and not just on the West Coast. Whether in state legislatures, city councils or in building codes and regulations, environmental advocates are looking to hastily and fundamentally change … Continue reading Forced Electrification Initiatives to Ramp Up in 2022
In November 2021, the U.S. House of Representatives passed the Build Back Better (BBB) Bill, sending it over to the Senate for deliberation. The $1.75 trillion social policy and climate change bill includes language that affects the hearth industry in various ways. Since then, BBB has stalled in the Senate. Prospects for passage are unclear … Continue reading Build Back Better Legislation Stalled in U.S. Senate
The ASHRAE 62.2 Committee has sent Addendum ‘j’ out for public review and comment. Addendum ‘j’ would ban all unvented room heaters in ASHRAE-compliant homes. During the recently closed comment period, the committee received 54 comments on Addendum ‘j’ (with only one comment in support of the addendum). One of the frequently raised concerns of … Continue reading ASHRAE 62.2 Proposal to Ban Vent-Free Appliances in Compliant Homes
The U.S. House of Representatives passed the Build Back Better Bill on Friday, November 19th, by a vote of 220-213. The $1.75 trillion social policy and climate change bill includes language that would extend the tax credit for wood and pellet heaters with a thermal efficiency of at least 75% per the higher heating value … Continue reading Wood and Pellet Heater Tax Credit Extension Passes the U.S. House of Representatives
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 … Continue reading Wood and Pellet Heater Tax Credit Update and What’s Next
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 … Continue reading Electrification/Gas Ban Toolkit
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 … Continue reading IRS Updates 2021 Tax Form for Wood and Pellet Heater Tax Credit