Green Fireplaces

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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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Here’s a Thought.

People these days are thinking about the environment when making their major purchases. Natural gas fireplaces are more energy efficient than wood burning fireplaces and they produce less pollution. Convenient, energy efficient, and clean: these are the reasons people are switching to gas fireplaces. Let’s not forget costs, either. Natural gas and propane are relatively cheap compared with normal monthly heating bills, and much more efficient.

The U.S. Department of Energy reports that a conventional open front fireplace is only 10 percent efficient at converting wood to energy and delivering it to a room, and when it’s operating, it actually increases the infiltration of cold air into your home by creating a partial vacuum within the house.  What’s really surprising is that convective (moving air) heat losses at the beginning and the end of the burn are actually greater than the radiant heat provided by the fire.  Basically, you’ll end up as cold as you were before.

In contrast, the realism and warmth provided by today’s natural gas fireplaces have contributed to their increasing popularity with homeowners. They are now among the leading optional features in new homes. The gas fireplace industry sells over 1 million units each year and has experienced an overall 30% sales increase over the past three years. People are becoming more concerned with the energy that goes into heating their homes, and with the money that comes out of their pocket books…especially in today’s economy!

Out of growing concern for the environment in recent years, restrictions have actually been placed on many wood-burning fireplaces and wood stoves in different states throughout the U.S. These restrictions ban wood-burning on days with poor air quality, as well as limit sales of stoves or restrict installation of wood-burning fireplaces in new construction. The good news is that the alternatives are better than ever before.

As consumers become more aware that gas-fired hearth products provide many of the same benefits as wood-burning logs – along with greater convenience, heating efficiency and benefit to the environment – sales of gas units have increased dramatically, even in areas of the country without wood-burning restrictions! In addition, natural gas log sets can be installed easily in most existing wood-burning fireplaces without any major renovations. For a greener fireplace, the choice is clear: choose a gas fireplace.

~Your Friends at FastFireplaces.com

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