Many of our programs offer rebates for joining. This is just one way your cooperative helps you go green and save green.
Rebates will require a contractor’s receipt, dated within one calendar year of the rebate application date.
Smart Thermostat Savings Program
Receive a $100 initial rebate and monthly bill credits of $5.00 from June through September when you sign up for our Bring Your Own Thermostat (BYOT) Savings Program. By signing up, you get paid for allowing Piedmont Electric to adjust your thermostat through your in-home Wi-Fi a couple degrees on very hot afternoons in the summer. However, you always have the final say in your home’s temperature! You can change your thermostat back at any time by using your smart thermostat’s wall unit or smartphone app.
Home Energy Rebate Program
Piedmont Electric is connecting eligible members with rebates and financial assistance for home energy upgrades available through state funding. Whether it’s better insulation, a more efficient heating system or appliance upgrades, these programs can help improve your comfort, lower your bills and make your home more energy-efficient.
- Value of at least R-38 or required standard per county inspections, $100.
- Duct sealing (must be non-system replacement performed), $100.
- Attic/duct systems must cover at least 1,000 square feet of conditioned space.
Electric Heat Pump Rebate
- Maximum rebate amount of $600 per system and must condition a space of at least 1,000 square feet.
- All systems must be installed on a primary residence with a minimum monthly average of 800 kWh or greater.
| Rebate | SEER/SEER2 | HSPF | Amount |
| Heat pump | 17 SEER or 16 SEER2 | 8.8 HSPF (SEER) or 7.5 HSPF (SEER2) | $300 |
| Heat pump | 18 SEER or 17 SEER2 | 8.8 HSPF (SEER) or 7.5 HSPF (SEER2) | $400 |
| Inverter/cold climate heat pump | Any | Any | $500 |
| Mini split heat pump | 18 SEER/SEER2 or less | 9.0 or greater | $400 |
| Mini split heat pump | 19 SEER/SEER2 or more | 9.0 or greater | $500 |
Heat Pump (Hybrid) Water Heater
- Any energy star rated heat pump water heater, $100.00
- Installation of an ENERGY STAR®-certified variable speed pool pump, $100.
- Pumps have an integrated timer for flow control, this can be adjusted to avoid peak demand.
- This rebate would require the member to participate in the time-of-day rate.
Electric vehicles rebate:
Receive a $50 rebate as a credit on your power bill when you notify us about your EV or plug-in hybrid. You can also recieve a $50 rebate as a credit on your bill when you sign up for our EV Time-of-Day rate.
About Federal Tax Credits
The IRS offers federal tax credits for certain qualified efficiency upgrades and purchases, which helps you deduct from the total amount of taxes you pay in a given year. Before you start planning your next home update, take a look at the list below to see if one of your projects may qualify for a federal tax credit. These projects may be eligible for tax credits based on the year they are placed in service. Some restrictions and annual caps may apply; tax credit amounts may decrease from year to year. Be sure to consult your tax professional to determine how this could impact you. Also, remember to let Piedmont Electric know of any large home improvement plans before they begin as it may affect your service.
Federal Tax Credits* for the 2023-2032 Tax Years:
Heating and cooling equipment and upgrades:
- Biomass stove/boiler
- SEER2 16 and above energy-efficient air conditioners, heating equipment and water heating equipment
- Certain heat pumps
- Heat pump water heaters
Clean energy equipment:
- Geothermal heat pumps
- Solar electricity and water heating products
- Battery storage
- Fuel cells
- Small wind turbines
Other energy efficiency equipment and upgrades:
- Electric panel/circuit upgrades
- EV charging stations
- Exterior doors
- Insulation
- Windows, including skylights
ENERGY STAR tax credits:
Many ENERGY STAR products are eligible for tax credits ranging from $50-$2,000 including air conditioners, heat pumps, insulation, water heaters, windows, doors and more. For details visit energystar.gov.
Please note: Piedmont Electric does not specialize in taxes; please talk to your tax professional about available credits and tax deductions when planning your energy-efficiency upgrades. You can learn more about these federal tax credits by visiting energy.gov.
A/C and Water Heater Load Management
Receive a $25 credit when you join our air conditioning or water heater load management program plus receive monthly bill credits. Load management is one of the easiest ways to save. We install load control switches on your equipment and then, when we forecast very hot afternoons (the times of highest energy demand, usually between 1-6 p.m. in the summer and 6-10 a.m. in the winter), our switches cycle your air conditioner and turn off your electric water heater to reduce usage. This helps all of our members save money, and pays you too!
Low-interest Home Upgrade Loans
Low interest rate loans are available to eligible Piedmont Electric Cooperative members to finance the purchase and installation of energy efficient home upgrades. Approved members may borrow up to $15,000 for seven (7) years at five percent (5%) interest. This program is only available for existing homes served by Piedmont Electric. New construction does not qualify for the program.