S.1345

America's First Fuels Act amends the Internal Revenue Code to increase the credit limit for biomass stoves and boilers and includes biomass heating.

The America's First Fuels Act amends the Internal Revenue Code to increase the credit limit for biomass stoves and boilers under the energy efficient home improvement credit. It raises the aggregate limit for biomass stoves and boilers to $2,000 and for other biomass heating appliances to $10,000. The Act also introduces an investment tax credit for open-loop biomass heating property, which is 30% of the basis of the property placed in service. This credit applies to property placed in service after December 31, 2025.