Due to currently low prices of natural gas and oil, the growth of wood pellet stoves would not be expected to be as large as last year. However as part of the economic stimulus package a 30% tax credit up to the value of $1500 is available to help to pay for the stove and installation. The scheme is set to run to the end of 2010.
As many people will realise the current low oil and gas prices are only temporary. As we are in an economic recession the prices of oil and gas drop also. However prices of oil and gas are already on the rise and will continue to rise in a general trend.
Purchasing a pellet stove now and taking advantage of the tax credit scheme will make the payback time of the stove even less.
For more information on pellet stoves such as the Breckwell Pellet Stoves, please click the banner below.
