Financing

2021 - 2023 BIOMASS STOVE TAX CREDIT (25D)

  • The new tax credit under Sec. 25(D) of the U.S. Internal Revenue Code (“IRC” or “tax code”) will come into effect on January 1, 2021 for qualifying purchases and installations completed on or after that date, through December 31, 2023
  • Credit Amount: Creates a new tax credit of 26 percent of the purchase and installation costs (with no cap or lifetime limit) for tax years 2021 and 2022; moves down to 22 percent of purchase and installation costs in 2023 (under Sec. 25D of the U.S. tax code)
  • Qualifying Products: Require qualifying products (any biomass-fueled heater) be at least 75 percent efficient per the higher heating value (HHV) of the fuel that are used to heat a dwelling unit located in the United States and used as a residence by the taxpayer, or to heat water for use in such a dwelling unit.


HOW TO QUALIFY FOR THE TAX CREDIT

  1. Install a qualifying Central Boiler outdoor wood furnace (Classic Edge 360, 560 and 760) between January 1, 2021 and December 31, 2023.
  2. Claim the tax credit associated with your qualifying purchase and installation on your federal filing for the tax year.


SUMMARY This summary information is provided as a convenience and may not be relied upon as a substitute for professional tax advice. Central Boiler, Inc. is not a tax advisor. Taxpayers claiming a tax credit should consult a tax professional with any questions. Central Boiler is not responsible or liable for the taxpayer's ability to receive tax credits.

Don't Worry About the Costs


Don't Worry About the Costs

Spare yourself the stress with financing for boiler installation in Ellsworth, ME and surrounding areas

You don't have to worry over the amount you're paying for your new boiler. Downeast Outdoor Boiler offers extensive financing for boiler installation. We'll help you choose a payment plan that works for your budget.

Having an outdoor furnace or boiler can help you save money on your heating bills. In conjunction with our helpful finance plans, that makes getting an outdoor boiler a fantastic investment.

Contact us today to get financing for your boiler installation in Ellsworth, ME as well as central and downeast Maine.

Finance your boiler or furnace with our help

Looking to finance your central boiler? You can apply for financing online or connect with our owner to discuss financing your residential or commercial boiler installation. Our options include:


Loans provided by EnerBank USA, Member FDIC, (1245 Brickyard Rd., Suite 600, Salt Lake City, UT 84106) on approved credit, for a limited time. *Repayment terms vary from 24 to 132 months. Interest waived if repaid in 12 months. 17.99% fixed APR, effective as of March 2020, subject to change. Interest starts accruing when the loan closes. **Repayment term is 60 months. 6.99% fixed APR. Minimum loan amounts apply. Actual loan term may be shorter if less than the full approved loan amount is used. The first monthly payment will be due 150 days from the date of application and monthly thereafter. ***Repayment term is 144 months. 9.99% fixed APR. Minimum loan amounts apply. Actual loan term may be shorter if less than the full approved loan amount is used. The first monthly payment will be due 150 days from the date of application and monthly thereafter.

Contact us to get started on your central boiler in the greater Ellsworth, ME area.

For commercial projects, please review the linked document from our partner, Accord Financial Group, Inc. or visit them online at www.accordfg.com