Town of Carrboro - Worthwhile Investments Save Energy (WISE) Homes and Buildings Program
Administered by: Town of Carrboro
Quick Summary
You can finance energy efficiency upgrades like heat pumps, insulation, lighting, and water heaters with a 3% loan for up to 10 years, with a minimum of $1,500—helping lower your utility bills while supporting local job creation. To apply, download the application from the town website and provide your previous 12 utility bills; you'll need to continue reporting utility bills for 3 years after completion so the town can track your energy savings. This program is open to Carrboro businesses and nonprofits with fewer than 50 employees.
AI-generated summary • Updated 7/12/2026
Program Details
- Program ID
- 4567
- Last Updated
- 5/16/2025
Eligibility
Program Summary
The Town of Carrboro is providing loans to Carrboro businesses and non-profits with fewer than 50 employees to increase their energy efficiency. The current interest rate is 3% and the maximum loan term is 10 years. The minimum loan amount is $1500. Loan applicants must give the town their previous 12 utility bills, and must agree to continue submitting their utility bills for 3 years after the work is complete so the town can measure the performance of the retrofits and the success of their program. A wide variety of efficiency improvements are eligible for financing through this program. See website above for more information. This program is part of the U.S. Department of Energy's (DOE) Better Buildings Program. The DOE has awarded over $500 million in federal funds to more than 40 states, local governments, and organizations to administer local programs targeting a variety of building types. Combined, these local programs are expected to improve the efficiency of more than 170,000 buildings through 2013 and save up to $65 million in energy costs annually.
Contact & Resources
Please verify current program details with the administering agency before making any financial decisions.