Energy efficiency is a key component of the Stimulus Plan, as it provides incentives to homeowners who purchase high-efficiency, alternative energy heating sources such as wood or pellet stoves and fireplace inserts. These products provide potential energy savings to the American homeowners while also benefiting the environment
Orange, CA (Vocus) February 2, 2010
Providing taxpayers with incentives to make homes more energy efficient is a key portion of the American Recovery and Reinvestment Act of 2009, and the federal government recently issued clarifying guidelines on how the legislation affects homeowners who purchase a 75 percent efficient wood- or pellet-burning stove, fireplace or fireplace insert. When homeowners purchase and install qualifying hearth products during 2009 and/or 2010, including many from Lennox Hearth products, they can receive a 30 percent tax credit for costs incurred, up to $1,500.
“Energy efficiency is a key component of the Stimulus Plan, as it provides incentives to homeowners who purchase high-efficiency, alternative energy heating sources such as wood or pellet stoves and fireplace inserts. These products provide potential energy savings to the American homeowners while also benefiting the environment,” said Wendy Howells, vice president and general manager of Lennox Hearth Products (LHP). “Wood- and pellet-burning stoves, fireplaces and inserts are cost effective and can help homeowners utilize zone heating to further save on their home-heating costs. A good example of zone heating is when a stove is used to heat the kitchen and great room during the day. Then rooms such as formal living rooms, dinning rooms and bedrooms, which families use less frequently during that time, can be maintained at lower temperatures, saving money.”
Wood and pellet stoves offer additional environmental benefits as a home-heating option since the fuel sources they use are renewable, as opposed to natural gas, oil, propane or electricity. The new legislation means homeowners who are dedicated to living in a way that reduces their environmental impact are now being rewarded with a significant tax credit to help their efforts.
“The fireplaces, stoves and inserts available today are definitely not your grandpa’s wood stove,” said Howells. “Lennox Hearth Products has more than 20 different models that qualify for the tax credit and they complement virtually any home interior, from traditional to contemporary to rustic.
“When you add the tax credit on top of cleaner emissions, increased efficiency, the opportunity to zone heat your home and the desirability of using renewable fuels to reduce your carbon footprint, it just makes good sense for homeowners to consider the benefits of investing in a wood or pellet heating products,” added Howells.
An Official Manufacturer’s Certificate, which homeowners can use when preparing tax returns, is available to customers at http://www.lennoxhearthproducts.com. While neither the certificate nor a product sales receipt is required for submission to the government, homeowners are encouraged to retain both for their tax records.
About Lennox Hearth Products:
Offering a diverse family of products for every style and budget, Lennox Hearth Products (LHP) is a leading manufacturer of indoor and outdoor fireplaces, fireplace inserts, free-standing stoves, gas log sets, accessories and venting products for the specialty retail, residential new construction and industrial markets. LHP, based in Orange, California, is a business unit of Lennox International Inc. (NYSE: LII). Through its subsidiaries, LII is a global leader in the heating, ventilation, air conditioning and refrigeration markets. More information about LHP can be found at http://www.lennox.com .