Financial Incentives
Here at Green Built Alliance, we believe that sustainable and eco-conscious building should be rewarded. That is why we have provided easy access to information on tax incentives and other programs that encourage homeowners and builders to make the best decisions economically and environmentally.
Incentives for Building Green
Residential
Duke Energy
Smart Saver Program Residential Rebate for efficiency upgrades:
Attic Insulation and Air Sealing: up to $500
HVAC: up to $600, depending on the efficiency
Duct Repair and Replacement: $190
Heat Pump Water Heater: $350
ENERGY STAR-labeled homes receive a discount on electric rates after the first 350 kWh used per month.
The Residential New Construction Program offers $750 to $9,000 to builders for building energy-efficient homes. The better the home’s HERS score, the more incentive it can receive.
EnergyWise Home is the greatest opportunity for our community to avoid the need to build a new power plant. A free contractor-installed device on your home’s heat pump or electric water heater will reduce consumption during times of high demand. Other than the annual discount applied to your bill, most program participants never notice a difference.
Home Energy House Call offers eligible homeowners a free home energy assessment to help you learn how your home uses energy, including where you can improve comfort and maybe even save money. You’ll also get a free Energy Efficiency Starter Kit.
Duke Energy Progress for Contractors
Residential New Construction Program provides incentives to contractors building energy-efficient homes:
Heat Pump Water Heaters: $350
High-Efficiency HVAC; air-to-air heat pumps: $300
High-Efficiency HVAC; central air conditioning: $300
Whole House Incentives: $1,000 – $4,000 depending on efficiency
PSNC
ENERGY STAR labeled homes received a discount of $0.05 per therm.
A $100 rebate for replacing older gas water heaters and furnaces with high-efficiency versions in residential buildings:
Federal
The 45L tax credit provides builders a $2,000 tax credit for building and selling energy-efficient homes. More information is available on the ENERGY STAR® website.
City of Asheville
The city’s Sustainability Office offers residential building permit fee rebates for single-family homes to support a clean and healthy environment on properties meeting the following criteria:
- $500 for Green Built Homes certification
- $250 for a verified Home Energy Rating System (HERS) score of 49 or below
- $100 for ENERGY STAR® certification
- $175 for solar photovoltaic systems
- $100 for tree protection (saving a tree)
- $100 for energy-savings tree planting (planting a new tree)
More information on the sustainability fee rebates can be found under “Supplemental Forms” on the city’s residential permit application page.
Town of Black Mountain
A $500 permit fee rebate for buildings certified under the Green Built Homes or LEED programs.
Catawba County
A 25 percent permit fee rebate for buildings certified under the Green Built Homes, ENERGY STAR , NAHB Green or LEED programs.
Incentives for Installing Renewable Energy
- Duke Energy is offering rebates to North Carolina customers who want to install a solar-panel system. For homeowners, the program offers a $0.60 per watt rebate for systems up to 10 kilowatts. For example, an average 6 kilowatt (kW) system would be eligible for a rebate of $3,600. There are also rebates available for nonresidential customers, worth $0.50 per watt up to $50,000, and for nonprofit customers, worth $0.75 per watt up to $75,000.
- North Carolina allows cities and counties to offer low-interest loans for solar panels and other energy upgrades. Thanks to this recent legislation, solar loan terms in North Carolina can be no longer than 20 years, have an interest rate cap set at 8 percent, and are easily renewable.
- Federal tax incentives: Through the end of 2021, homeowners receive a 30-percent tax credit with no caps.
- NC Green Power: A per kWh rate paid for electricity generated from a renewable resource that is fed onto the grid.
For detailed information on all of the above financial incentives and more, visit DSIRE.
Commercial
EnergyWise Business is an energy management program that helps Duke Energy manage the energy use of the power grid. For participating your business will receive financial incentives and a free programmable thermostat.
Small Business Energy Saver will pay up to 80% of select energy efficiency improvements (such as LEDs and lighting controls) to help your business cut costs and save energy.
Smart Saver provides incentives for installing energy-efficient equipment to support your specialized business.
Demand Response Automation provides financial incentives (up to 14% off your bill) for using less energy during peak energy demand periods. This program also provides technical support to assist you in making a plan of action to use during peak demand.
Other Financial Resources
Database of State Incentives for Renewables & Efficiency – Information on state, local, utility, and federal tax incentives that promote renewable energy and energy efficiency
Green Mortgage Guide – Guide to Energy Efficient and green mortgages.
Tax Incentives Assistance Project – Sponsored by a coalition of public interest non-profit groups and government agencies, it’s designed to give the latest information on federal income tax incentives for energy efficiency with buildings and vehicles