Thousands of dollars in federal tax credits for clean energy upgrades are expiring at the end of the year, but there’s still time to take advantage of tax credits up to $2,000 for new heat pump water heaters or HVAC systems and up to $1,200 for energy efficiency improvements.  

Silicon Valley Clean Energy (SVCE) rebates and services are stackable with other federal, state, and local incentives and remain available despite the sunsetting of federal tax credits.  

In our latest Clean Power Pulse article, we share the facts about electrification, information about upcoming regulations, and how SVCE supports our customers through rebates and services to upgrade to a cleaner, safer, and more energy-efficient home.  

The key takeaways are: 

1. Nearly all homes can upgrade to modern electric appliances without changing their electric panel. 
2. Current rebate programs cover the incremental cost of electrification for low-income customers. 
3. Electric appliances are cheaper to operate than gas appliances. 

SVCE recently closed its fourth prepayment transaction for clean energy bonds.  

What does that mean? 

Prepay bonds are a type of innovative financing that enables public entities, such as SVCE, to achieve reduced costs for power purchases through tax-exempt bonds. 

How does that benefit SVCE customers? 

Through bonds and other strategic financing, SVCE is able to maintain stable rates for customers, offer rebates and incentives for clean energy upgrades, and invest in energy-resilient projects for the thirteen communities SVCE serves.   

Get ahead of high winter energy bills and take advantage of free tools to check your home’s energy efficiency.  

Toolkits are renter-friendly and include a thermal detector to check for heat loss through windows, vents, and doors, and weatherstripping materials to seal any air leaks.