The look of a well-designed electric fireplace isn’t the only thing that catches many buyer’s eyes. Most inserts on the market come with exciting benefits that your wallet will thank you for.

Wood-burning stoves and heating systems will now qualify for a renewable energy investment tax credit through Section 25D of the Internal Revenue Code. Previously, only solar, geothermal, fuel cell, and small wind systems could qualify for this tax credit.

If you’re looking for an alternative to a traditional built-in fireplace, a freestanding fireplace could be an excellent choice.