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Hey, Bioheat® Users: Don’t Forget to Claim Your Clean Fuel Tax Credit!

Bioheat® users: Don’t forget to claim your Clean Fuel Tax Credit

New York State has plans in place to reduce greenhouse gas emissions 40 percent from 1990 levels by 2030 – which turns out to be great news for you if you use Bioheat® in your Finger Lakes-area home.

In case you weren’t aware (or forgot), a per-gallon Clean Fuel Credit is available on your NY State income taxes for your annual Bioheat purchases; the amount of the credit is $.01 per percentage point of biodiesel in your Bioheat heating oil blend (the “B” number on your Bioheat…B5 = five percent biodiesel, B10 = 10 percent, etc.) times the number gallons you purchased.

So, for example, if used 750 gallons of B20 Bioheat in 2019, you qualify for a $150 clean fuel tax credit ($.20 X 750 = $150).

How do I apply for a Clean Fuel Credit?

Instructions for applying for your Clean Fuel Credit, as well as Form IT-241 (Claim for Clean Heating Fuel Credit, and its instructions can be found at the NY State Department of Taxation and Finance website.

If you are an Ehrhart customer, you may have already received an annual usage statement listing all deliveries by date and gallons delivered; simply use these figures to apply for the Clean Fuel Credit. If you have not received this statement, contact us so we can make sure you have what you need.

If you’re not an Ehrhart customer, why not become one and experience the difference for yourself? We have the most reliable delivery of high quality B20 biofuel in our Ithaca/Finger Lakes service area.

Expecting money back from Uncle Sam? Why not reinvest it in your home comfort? Ehrhart can help you with a FREE, no-obligation estimate on top quality, high-efficiency oil heating system that’s just right for your home and budget, and then fuel it with reliable Bioheat deliveries in NY for years to come. Contact us today to learn more.