Biomass & Biofuel systems
Biomass heating systems generate heat from plant and other organic materials and residues. The systems are used for space heating and to heat water.
Pricing, Financing & Benefits
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System Pricing
- Residential systems range from $1,500 - $5,000
- Installation may cost an additional few hundred dollars
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Tax Incentives & Rebates
- Residential systems do not qualify for Federal tax credits.
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Commercial systems qualify for a 30% Federal Investment Tax Credit.
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Some states and utility companies do offer rebates on biomass systems.
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Savings, Benefits, and Returns
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An average homeowner can expect to save between 25% & 75% on their heating bills, depending on:
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the type of boiler installed (that is, whether it is wood- or pellet-burning); and
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Whether the existing system uses gas, heating oil or electricity.
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The annual ROI of a typical residential biomass system can be 10% - 30%, which translates into a payback 3-5 years.
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Biomass can be a renewable resource and can be a better option than fossil fuels like oil, gas, and coal.
- Biomass can be locally grown and benefits local industry.
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While prices for biomass fuels are lower than fossil fuel prices and have generally remained stable, rapidly increasing demand may push prices up in the future.
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Financing Options
