Tax Savings and Rebate Savings

Tax Season Tips for Homeowners: Claim Your NY State Clean Fuel Tax Credit

Tax season is here, and while filing taxes may not be the most exciting task, there’s good news for Palisades Fuel customers—you may be eligible for a valuable tax credit!

What is the NY State Clean Fuel Tax Credit?

New York State offers a tax credit to homeowners who use biodiesel-blended heating fuel. This credit is equal to one cent per gallon per percentage of biodiesel in your fuel. That means you could receive up to 20 cents per gallon for your heating fuel purchases—helping you save money just for keeping your home warm!

How to Claim Your Tax Credit

Claiming your credit is simple:

1. Gather your fuel purchase records for the year.
2. File NY State Form IT-241 along with your state income tax return.
3. Enjoy your savings!

Palisades Fuel Customers Automatically Qualify

As a Palisades Fuel customer, you’re already using eligible biofuel blends—so you don’t have to do anything extra to qualify. Just make sure to include Form IT-241 with your tax return to take advantage of this benefit. Click  here to learn how to file today!

Need Help?

If you have any questions about your fuel purchases or need a copy of your fuel usage records,  contact us today. We’re happy to help make your tax season a little easier!