How can homeowners benefit from continuing to use oil heat? Along with the fuel’s safe nature, technological advances, environmental benefits, and low prices, alternative energy is a central topic of discussion. Bioheat, an alternative heating fuel compliant with standard home heating oil systems, not only offers homeowners another choice and opportunity for greater savings when it comes to annual heating options, but the energy source also provides a tax incentive.
As if benefiting from a cleaner, renewable, more eco-friendly fuel isn’t reason enough to look into heating with Bioheat, the New York State Department of Taxation and Finance offers a tax credit for those who use the fuel for residential space heating or hot water production throughout the state.By offering a tax credit to residents that utilize fuel with at least 6% biodiesel per gallon of Bioheat, New York continues to support the growth of alternative energy. Consumers using Bioheat already benefit in more ways than one, and adding this tax incentive is a yet another positive step for our state’s economy and the Bioheat industry’s development. Read more about the NY biofuel tax credit and how you can save money when you fill your tank with Bioheat.