S 1345

The America’s First Fuels Act increases tax credits for homeowners who install biomass stoves and boilers, raising the maximum credit from $2,000 to $10,000. It also creates a new tax credit for investments in open-loop biomass heating systems, which use biomass to generate heat or steam for various purposes like space heating or industrial processes. The bill includes specific requirements for these systems, such as minimum efficiency standards and emissions controls, and allows businesses to claim credits for progress expenses on qualifying projects.