Energy Efficiency Tax Credits and Rebate Programs

Did you know that being “green” can also save you green? A well-insulated home, energy efficient and water efficient appliances and fixtures, electric vehicles, and electricity generation save you money in the long term by reducing monthly fuel, water, and energy costs. There are also a lot of programs in place to reduce upfront costs of adopting these efficient technologies. The following rebates and tax credits can be taken alone, combined together, and used to increase the money savings of improvements to your home which might qualify for PACE financing. The following list is a starting point, but programs are updated and made available frequently so residents should research.

City of Hollywood Rebates

Energy and water use are closely related. The treatment and delivery of water and waste water uses a large amount of energy. Water conservation saves energy use by utilities thereby saving taxpayer money. the City of Hollywood offers several programs for water conservation.

• Rebates are offered for water efficient toilets up to $100 per toilet with a max of two toilets per customer. Learn more on the City’s website.
• Exchange programs are offered for shower heads and restaurant pre-rinse spray valves. New showerheads come with a water conservation kit which includes a faucet aerator, leak detection tablets, and conservation tips. Learn more on the City’s website.

 FPL customers have the following rebates available:

Residential: https://www.fpl.com/save/programs.html
Commercial: https://www.fpl.com/business/save/programs.html

Residential		Commercial
Air Conditioners	$150	Energy Recovery
Ceiling Insulation	Up to $190	Ventilation
Use FPL’s Online Home Energy Survey to find ways to improve energy savings at your house.https://www.fpl.com/save/programs/online-energy-survey.html		Kitchen demand control ventilation
		Chiller
		Thermal Energy Storage
		Lighting

If you use or are switching to Natural Gas, TECO has several rebates available.

Natural Gas Appliance	Replace Electric with Natural Gas	Replace Natural Gas With More Efficient Natural Gas	Replace Oil With Natural Gas
Tank Water Heating	$500	$350	$0
High Efficiency Tank Water Heating	$550	$400	$0
Tankless Water Heating	$675	$550	$0
Central Heating or Wall Furnace	$725	$500	Up to $330
Cooking	$200	$100	$0
Clothes Drying	$150	$100	$0
Space Heating	$65	$0	Up to $330

Learn more on the Teco Rebates page.

 

Federal Tax Credits

Improvement/Product	Credit
Air Conditioner	$300
Insulation	10% of cost up to $500
Roof (Cool/reflective roof)	10% of cost up to $500
Water Heaters	$300
Windows, Doors, Skylights	10% of cost up to $200
Geothermal Heat Pumps	30% of cost
Small Wind Turbines	30% of cost
Solar Energy Systems	30% of cost
Fuel Cells	30% of cost
Fully electric and plug in hybrid vehicles	Up to $7,500
To learn more and for specific requirements, visit EnergyStar.gov, the IRS website, and Energy.gov.

Page updated May 3, 2016