Tax-Credits & Incentives

Yes, New Jersey provides a state tax deduction for qualifying biomass stoves. Residents can deduct up to $500 of the cost of upgrading an existing fireplace to an EPA-certified stove.

Incentive specifics available here:
http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=NJ25F&re=1&ee=1

A residential property tax exemption is also available for a biomass systems that meets on site heating demands. Enacted in 2008, it will cover up to 100% of property value added by a renewable system.