Residential Energy Tax Credit

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Last Chance for Residential Energy Tax Credit!

November 23, 2010 in Energy Efficiency, Residential Energy Tax Credit by Fast Fireplaces | No comments

Bio Flame SekThe federal government’s Residential Energy Tax Credit is set to expire at the end of 2010, which is only a month away!  Why should you care?  If you buy a product that qualifies for this credit, the government will give you 30% off the purchase price, up to 1,500 bucks!

FastFireplaces.com features a great selection of products that qualify for this massive savings.  Here is the complete list of brands below, check them out!

EcoSmart Fireplaces – These stylish centerpieces have won numerous design awards for their minimal elegance and revolutionary technology.  They burn clean, denatured ethanol, a renewable biofuel.

Bio Flame Fireplaces – Bio Flame features a striking composition of steel and flame.  Many of these modern fireplaces are wall-mounted, giving you even more installation options.  These works of art also burn ethanol, which produces no smoke or soot.

Ecoteck Pellet Stoves – Just a few days ago, we went live with these gorgeous pellet stoves.  They are the absolute top of the line in pellet stove design and technology, and have a ton of features that ape the competition.

FastFireplaces also features a number of other pellet stoves that qualify for this credit, so check them out too.  But hurry!  Your opportunity for a huge savings on these items is slipping away!

~Your Friends at FastFireplaces.com

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Ecoteck Pellet Stoves – Eco-friendly Biofuel Heating Stoves

November 22, 2010 in Energy Efficiency, Residential Energy Tax Credit, new products by Fast Fireplaces | No comments

Ecoteck Elena Pellet StoveLooking for an eco-friendly and stylish way to heat your home this winter?  Look no further than Ecoteck pellet stoves, the newest addition to FastFireplaces.com.  Ecoteck’s mission is a simple one – to create beautiful and efficient heating devices that are sustainable as well.  Ecoteck pellet stoves run on compressed wood pellets made by compacting sawdust and wood waste from saw mills, carpentry and other manufacturing operations.  Wood pellets burn very cleanly and have a higher heat output per pound than traditional wood.

Ecoteck pellet stoves are also at the top of the industry for design and function.  In 2009, the Ecoteck Elena (pictured at right) won a Vesta Award for Pellet Stove & Insert design, the most prestigious award in the hearth industry.  The look and function of these modern pellet stoves is second to none – an Ecoteck is sure to be a conversation piece in your home.

Even better, these eco-friendly products qualify for a 30% Residential Energy Federal Tax Credit up to $1,500, which means $1,500 off the bottom line of your tax bill, until the end of 2010.  This is a fantastic time to cash in off of the government while doing something good for your home and for the environment.

~ Your Friends at FastFireplaces.com

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Pellet Stoves, an Eco-Friendly Way to Heat Your Home

March 29, 2010 in Energy Efficiency, Residential Energy Tax Credit, new products by Fast Fireplaces | No comments

Buying a freestanding stove doesn’t have to cost a lot of money and it doesn’t have to run up your energy bill. FastFireplaces.com has introduced a selection of pellet stoves that will efficiently keep your home warm.  Wood pellet stoves look just like a regular wood stove or fireplace insert, but burn wood pellets instead of the traditional costlier sources such as fossil fuel, firewood and natural gas.

The pellets are tightly compacted wood byproducts made of sawdust, wood shavings, or peanut shells that are cheaper to buy than chopped wood.   Because wood pellets are dense, they are energy efficient, producing a high level of heat and a very low air pollution rate.  Most users only refill the stove once in the morning for a full day of heat.  The pellets burn completely leaving little ash build-up in chimneys (posing less of a hazard from chimney fires) and do not require cleaning as frequently as conventional wood-burning stoves.

Even better, freestanding pellet stoves are eligible for a 30% tax credit off the purchase price through the federal government’s Residential Energy Tax Credit.  This tax credit for green home improvement is part of the economic stimulus plan.  The 30% discount can be taken directly off your final tax bill for buying an environmentally friendly appliance.   More information about energy-efficient qualifications can be found at the Department of Energy’s Energy Star website.  If you want a stove to heat up your home, but don’t want to spend a lot of money to keep it running, FastFireplaces.com is a great place to purchase a wood pellet stove.

~Your Friends at FastFireplaces.com

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Bio Flame Modern Fireplaces – Eco-Friendly Fireplaces

March 24, 2010 in Energy Efficiency, Residential Energy Tax Credit, new products by Fast Fireplaces | 1 comment

Bio Flame Pure Modern Fireplace

Bio flame Pure Modern Fireplace

Looking for a fireplace to accentuate your modern decor?  Look no further than the Bio Flame collection of modern fireplaces, new at FastFireplaces.com!  We now offer the full line of Bio Flame fireplaces, which feature sleek, contemporary designs in steel, glass, and flame.  Clean lines and spare elegance come standard with these pieces. Bio Flame fireplaces will attract attention in any room, whether ablaze or not.

Bio Flame is also an eco-friendly fireplace.  These green fireplaces burn bioethanol, a renewable biofuel derived from corn, sugar cane, and other crops.  When burned, this fuel produces no smoke, soot, or harmful gases, which is healthier for you, and for the environment.  This fuel is readily available – it can be purchased from some gas stations and ordered on the Internet.  Operation of these designer fireplaces is simple – just pour the biofuel into the burner pan, light, and enjoy a fire for hours.

These contemporary fireplaces need no venting, electrical wires, or gas lines, which means that they can be installed just about anywhere in the house.  Just hang one on the wall, or position it on the floor, wherever you like, and you’re good to go – no need for professional installation.  Designed to complement most modern styles of decor, you’ll have no problem finding the perfect spot for a Bio Flame fireplace.

Right now, these modern fireplaces qualify for a 30% federal tax credit.  Why?  They burn bioethanol, and appliances that run on biofuels qualify for the credit. That means 30% of the purchase price comes straight off your final tax bill.  This credit is set to expire at the end of 2010, so there’s not much more time to take advantage of it.

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Get Your Residential Energy Tax Credit – Save Up To $1,500!

November 25, 2009 in Energy Efficiency, Residential Energy Tax Credit by Fast Fireplaces | 3 comments

As part of the economic stimulus plan, the federal government is offering a new tax credit on many energy-efficient products.  This tax credit is good for 30% of the purchase price on qualifying products, up to $1500.  For example, if you bought a $4,000 energy efficient fireplace, you would qualify for a tax credit of $1,200.  Since this is a tax credit, not a deduction, you would be able to subtract $1,200 directly off your final tax bill.

Wondering which products qualify? The U.S. Department of Energy has laid out general guidelines for which sorts of products qualify.  If you have a question about whether or not a specific product qualifies, check out the manufacturer’s website for more information.  Most manufacturers of qualifying products have advertised that fact on their websites, along with a Manufacturer’s Certification Statement.  This document usually lists all of a manufacturer’s qualifying products, along with a signed statement saying that the manufacturer certifies, to the best of his knowledge, that the qualifying products meet the requirements of the tax credit.

When filing your taxes, you will need to claim this credit using IRS Form 5695.  Once you’ve calculated the amount of your Residential Energy Tax Credit, enter that number on line 52 of your IRS Form 1040.  You do not need to attach a copy of your receipt or the Manufacturer’s Certification Statement with your 5695 Form.  However, saving these two documents for your records is a good idea, and will help you to complete the 5695.

FastFireplaces.com has just introduced the EcoSmart line of designer fireplaces, most of which qualify for the new tax credit.  These fireplaces are fueled by denatured ethanol, which is a biomass fuel under the definition in the tax code.  In addition, all qualifying EcoSmart fireboxes have a thermal efficiency rating of more than 90%.  This means that most EcoSmart fireplaces meet the requirements for a “biomass stove”, one of the categories of products that qualify for the tax credit.  FastFireplaces.com is currently the only online retailer of EcoSmart products.  We carry their full line of designer ranges and accessories, so come check us out and save 30% on these energy-efficient fireplaces.

~Your friends at FastFireplaces.com

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