SOURCE: Indeck Energy

wood pellets, wood pellet, wood pellet fuel, pellet fuel, Indeck Energy, wood biomass

January 28, 2011 09:49 ET

Indeck Energy: New Tax Credit for Biomass Heating Appliances Purchased in 2011

LADYSMITH, WI--(Marketwire - January 28, 2011) - In the final weeks of December, President Obama signed into law an $858 million tax package that kept current income tax rates in place for 2011 as well as extended a number of tax credits -- including an incentive for the purchase of biomass heating appliances, such as wood pellet stoves.

Scott Freier, owner of Freier's Electric and Heating in Hudson, Wis. says that the tax credit should really motivate consumers.

"Owning a wood pellet stove is a strong investment at any time," he said. "Now, with the [new] tax credit, moving toward alternative energy is a great deal."

The new legislation allows for a 10 percent tax credit for the purchase of a biomass heating appliance in 2011, capped at $300. This credit applies to the purchase price only and is not extended to installation.

"We are excited to see the government's continued support of renewable energy sources," said Mike Curci, Business Development Manager and Retail Sales Consultant, Indeck Energy. "Burning high-quality, premium wood pellets is a viable alternative to many traditional heating methods. We hope that consumers take the time to educate themselves about all of their options."

Indeck Energy Wood Pellets and qualifying wood pellet stoves are available at select fireplace and home stores. For a list of retailers near you, please visit www.IndeckPellets.com.

The Indeck Ladysmith BioFuel Center is owned by Indeck Ladysmith, LLC, a subsidiary of Indeck Energy Services, Inc. Indeck Energy Services is a privately held developer, owner and operator of renewable and conventional energy projects. As one of the few remaining privately held independent energy producers, it has grown into a full-service energy company that offers biofuel production and electrical generation facilities. The company was established in 1985 and is headquartered in Buffalo Grove, IL.

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