Politics May Take Renewable Energy for a Ride, but Your Energy Costs Don’t Have to Go Along
Have you heard about renewable energy tax credits for eco-friendly improvements to your home, but aren’t exactly sure what qualifies? You’re not alone. Confusion about which types of clean energy systems qualify and how long these tax credits can last persists partially because it’s changing from year to year.
The truth is renewable energy tax credits are as vulnerable to the political winds as anything else. While one form of renewable energy may offer a great benefit, it could easily fall victim to another form for a variety of reasons that could have nothing to do with clean energy. While many ideas for tax credits get tossed around during political debates, it can be a matter of chance which ones make it into legislation. And in today’s political climate of partisan gridlock, where Congress has trouble even passing a budget bill, energy credits may simply expire because there’s no agreement on a larger bill in which they would be included.
Some of those consumer tax credits that expired after 2011 were those for green heat options including wood, corn and pellet stoves, fireplaces and fireplace inserts. It’s possible that these credits may eventually be restored – and clean energy advocates will be working hard to see that it happens.
But if you have been looking to bring green heat into your home, does this mean you should put off your purchase until this happens? The smart money says no. And that’s only if you’re focusing on costs, and not the environmental benefits.
Pellet heat is one of the most affordable ways to heat your home, with or without a tax credit. If you’re looking for a clear picture of exactly how much you can save, check out our fuel calculator for a direct comparison to the type of fuel you use for your current system.
Keeping your fuel options open
The great thing about pellet heat is it offers plenty of methods for bringing green heat into your home. Part of the flexibility lies in the ability to switch between which type of fuel you use. Both the Magnum and Country Flame line of appliances can be fueled by corn, wood and flex-fuel pellets. So while pellet heat is already affordable, you may also realize future savings by being able to select the type of fuel that is most affordable at that time, which isn’t possible with traditional heating systems that can only run on, say, natural gas.
Another advantage of pellet heat is that you can use it as part of your heating solution, or choose to heat your home exclusively with this renewable energy source. If it’s time to replace your furnace, or you’re simply looking for a more environmentally friendly option to heat your whole house, a pellet furnace is the way to go.
If you’re converting a basement to a living area or building an addition, pellet stoves are also a slick way to bring more heat to those areas without replacing or reconfiguring your current heating system. And if you simply have a tired, old, drafty fireplace, consider a fireplace insert that operates on pellet heat, since it will both burn more efficiently and reduce drafts.
The bottom line is that while it would be nice to get a tax break for converting to green heat, there’s plenty of reason to make the leap now, rather than waiting on the whims of the political system to realize your savings and declare your energy independence.
And if you want to keep up to date on tax incentives, subscribe to the Magnum Heat mailing list, as we’ll be the first to tell if your purchase can qualify.