|New York provides a property tax exemption. The Energy Conservation Improvements Property Tax Incentive allows 100% of assessed added value to a property from the installation of an EPA-certified biomass fueled stove to be exempt from state property taxes.|
New York also provides a loan program designed for energy efficiency which includes EPA Phase II wood or pellet stoves. Residents can borrow up to $2,500-$20,000 at a rate of 5.99% APR. The loan has a fixed rate and can be set for 3,5,7, or 10 years. To be eligible, the stove must be installed by an approved BPI-certified contractor.
The state also provides a minor sales tax incentive. Purchase of pellets for residential use are exempt from state sales tax.
Incentive specifics available here: