Tax-Credits & Incentives
Updated: June 2022
States - New Hampshire
Financial Incentive:
Rebate Program (closed to new applicants)
Type:
Residential
For:
Pellet stoves, pellet boilers, furnaces
Incentive amount:
40%, maximum $10,000 (closed to new applicants)
Summary:
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Eligible Technologies: Furnaces, Boilers
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Eligible System size: Must provide at least 75% of the home heating load needs
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Equipment requirements: System must be new, with minimum efficiency rating of 80%. System must be bulk-fuel fed and meet specified air-quality standards.
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Installation Requirements: system must be installed at applicant’s primary residence by authorized installer.
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Offers rebates of 40% of the installed cost of qualifying new residential bulk-fed, wood-pellet central heating boilers or furnaces.
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The maximum rebate amount is $10,000.
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To qualify, systems must (1) become operational on or after May 1, 2012; (2) be at least 80% efficient; (3) meet certain air quality standards; (4) provide at least 75% of a home heating-load needs; and (5) be installed by a qualified installer or a licensed plumber with wood-pellet central boiler system training.
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Additional system requirements are specified in the program application. Modifications to existing systems are not eligible to receive funding under this program..
Contact Info:
Link:
1. Property Tax Exemption. Some New Hampshire towns and municipalities offer property tax exemptions based on the amount of the assessed value of a renewable-energy system used on the property. Some but not all include exemptions for wood-fired central heating systems. There were 77 cities and towns offering renewable energy incentives as of 2008 and 28 of those included wood burning systems.
Incentive specifics available here:
*http://www.nh.gov/oep/energy/saving-energy/incentives.htm
