The City of Oldsmar has a strong history of innovation and commitment to sustainability. The City was the first municipality in the Tampa Bay area to implement single-stream recycling, the first municipality in the Tampa Bay area to install electric charging stations and has recently become an independent water producer with the construction of its Reverse Osmosis Water Treatment Plant (ROWTP). The City's ROWTP was sustainably designed and built, becoming Florida's first ROWTP to be certified in Leadership in Energy & Environmental Design and second in the nation.

For all its sustainability efforts, the City was awarded two 1st Place Future of the Region Awards in both "Development/Infrastructure" and "Going Green" by the Tampa Bay Regional Planning Council, has been recognized as Outstanding Municipality of the Year by the US Green Building Council Florida Gulf Coast Chapter, and is certified a Silver Florida Green Local Government by the Florida Green Building Coalition.