It may, if your pellet stove meets the energy-efficiency requirements. (See the Biomass stoves link in the FAQ at the end of this answer for details). TurboTax will ask questions during the tax interview to see if you qualify for an energy credit.
You'll enter the cost of a qualifying pellet stove as an Energy-Efficient Building Property under How much did you pay for energy-saving improvements? (Click the screenshots below for reference.)
To enter your energy-efficient property in TurboTax:
Note: If using the TurboTax CD/Download software, you'll use the Find function (instead of "My Account") to search for the topic.
The Nonbusiness Energy Property Credit has a lifetime total combined limit of $500, so if you have claimed the credit in a prior year your 2016 deduction may be reduced. See IRS Instructions for Form 5695, Residential Energy Credits for more information.
Can I claim energy-saving home improvements? https://ttlc.intuit.com/replies/3300639