If you haven’t heard, New York State is well on its way to being a national leader in clean energy, with a mandate of 100 percent clean power by 2040 – which turns out to be great news for you if you use Bioheat® Fuel in your eastern Long Island home.
In case you didn’t know (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 Natural Heating Oil® from Burt’s Reliable (our name for Bioheat) in 2020, you qualify for a $150 clean fuel tax credit ($.20 X 750 = $150).
If you are a Burt’s Reliable customer, you may have already received an annual usage statement listing all deliveries by date and gallons delivered (if not, you will receive it shortly); simply use these figures to apply for the Clean Fuel Credit.
Expecting a tax refund this year? Consider making an investment in your comfort at home! Contact us today to learn about the top quality, high-efficiency oil heating equipment we offer, then fuel it with reliable Natural Heating Oil deliveries in Long Island’s East End and North Fork for years to come.