Are you a Florida resident looking to save energy and money while helping the environment? You may be eligible for tax credits and other incentives through the Inflation Reduction Act. This ordinance, added to Chapter 151 which regulates buildings, allows Hollywood and Broward County to participate in the Rooftop Solar Challenge. The city encourages participation in the Broward Solar Cooperative, as Broward County strives to obtain 20% of its energy from renewable sources and reduce greenhouse gas emissions. The Inflation Reduction Act provides tax credits for the purchase and installation of energy-efficient heating and cooling systems. This is a great way to save money on your energy bills while also helping the environment.
The tax credits are available for both residential and commercial properties. To qualify for the tax credits, you must purchase an energy-efficient HVAC system that meets certain criteria. The system must be certified by the Florida Energy Efficiency Program and must be installed by a licensed contractor. The system must also meet certain efficiency standards set by the Florida Department of Environmental Protection. The amount of the tax credit you can receive depends on the type of system you purchase. For example, if you purchase a geothermal heat pump, you may be eligible for up to $2,000 in tax credits.
If you purchase an air source heat pump, you may be eligible for up to $1,000 in tax credits. In addition to the tax credits, you may also be eligible for other incentives such as rebates or grants. These incentives are available through local utility companies or state programs. Be sure to check with your local utility company or state program to see what incentives are available. Installing an energy-efficient HVAC system is a great way to save money on your energy bills while also helping the environment. The Inflation Reduction Act provides tax credits for the purchase and installation of energy-efficient heating and cooling systems in Broward County, FL.
Be sure to check with your local utility company or state program to see what other incentives are available.