How can homeowners benefit from continuing to use Bioheat® fuel? Along with the fuel’s safe nature, technological advancements, environmental benefits, and low prices, alternative energy is a central topic of discussion. Bioheat® fuel is an alternative heating fuel that works with existing heating systems and offers homeowners an opportunity for greater savings. And as an added savings bonus, homeowners in New York can receive tax incentives for using Bioheat® fuel.
There are several ways you can get money back in your pocket for heating your home with Bioheat® fuel. It’s another great reason to choose Bioheat® fuel for your home or business. If you heat with Bioheat® fuel in New York State, you can take advantage of several valuable incentives.
You can earn a tax credit of up to 20₵ per gallon for using Bioheat® fuel for space heating or water heating in your home in New York State. To qualify for this tax credit, you must meet the following criteria:
If you aren’t sure what blend of Bioheat® fuel you use, contact your fuel provider. Then, you can apply for the state tax credit here.
When using Bioheat® fuel for home heating or residential water heating, you can receive a personal tax credit of up to 20₵ per gallon off your heating bills.