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Bill would create tax credits for wood pellet boiler purchases

from Oxford Hills Sun Journal

U.S. Sen. Angus King announced on Feb. 16 that he will introduce legislation that would give a boost to the state's emerging biomass industry by lowering the hurdle for consumers to purchase wood pellet boilers. The bill, titled the Biomass Thermal Utilization Act, would issue residential and commercial customers a tax credit of up to 30 percent of the upfront costs to install a heating system fueled by wood products. more

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