Find grants, rebates, forgivable loans, and free programs for Carlsbad, NM, filtered to your situation.
As of June 2026, 26 home improvement grant, rebate, and forgivable loan programs are open to homeowners in Carlsbad, NM, with individual awards up to $126,526. 5 programs target seniors, 3 serve veterans, and 12 require no income limit.
Data last verified 2026-06-09. How we verify our data.
| Funding type | Programs | Repaid? | Best for |
|---|---|---|---|
| Grants | 17 | Never repaid | Income-qualified homeowners |
| Forgivable loans | 2 | Forgiven after a residency period | Larger repairs with no money down |
| Rebates | 4 | Refunded to you after purchase | Energy-efficiency upgrades |
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HMGP provides funding after a presidentially declared disaster to help communities reduce future disaster losses. Homeow...
ICC coverage is built into every National Flood Insurance Program (NFIP) policy and pays up to $30,000 to help bring a s...
HUD funds state, county, and city governments to identify and fix lead-based paint hazards and other health hazards (mol...
EPA's WIIN Act grants and the Drinking Water State Revolving Fund (DWSRF) fund lead service line replacement programs in...
Federally-funded program that provides free weatherization improvements to income-qualified households in Carlsbad. Serv...
Low-interest loans for major home repairs and improvements for owner-occupied properties in New Mexico. Flexible terms a...
CDBG-funded program providing forgivable loans for major home repairs to low-income owner-occupants in Carlsbad. Loan is...
Emergency repair grants for very low-income homeowners facing immediate health and safety hazards in Carlsbad. Priority ...
Grants for accessibility modifications to homes occupied by persons with disabilities in Carlsbad. Funds wheelchair ramp...
Rebates for qualifying high-efficiency heating and cooling equipment installed in Xcel Energy service territory. Include...
Rebates for adding insulation to attics, walls, and crawl spaces in Xcel Energy electric service territory. Requires pro...
Rebates for high-efficiency electric water heaters, including heat pump water heaters and tankless models. Equipment mus...
Rebate for replacing older evaporative coolers (swamp coolers) with new energy-efficient models. Popular cooling option ...
Free in-home energy assessment and installation of efficiency measures for income-qualified Xcel Energy customers. Inclu...
Low-interest loans for very low-income homeowners in eligible rural areas near Carlsbad to repair, improve, or modernize...
Grants for very low-income homeowners age 62+ in eligible rural areas to remove health and safety hazards. Does not requ...
Grant for eligible veterans with certain service-connected disabilities to build, buy, or modify a home to accommodate t...
Grant for eligible veterans with certain service-connected disabilities to adapt a home they or a family member own. Cov...
Down payment and closing cost assistance for first-time homebuyers in New Mexico. Offers low interest rates and forgivab...
Property tax exemption on the first $8,000 of assessed value for New Mexico residents age 65+ or 100% disabled veterans....
Property tax exemption for honorably discharged veterans with service-connected disabilities. Exemption amount varies by...
Free lead testing and case management for children under 6 in New Mexico. If elevated blood lead levels are found, progr...
Assistance for low-income homeowners in unincorporated Eddy County to repair or replace failing septic systems. Funding ...
Cost-share assistance for repair or replacement of private sewer laterals for qualifying Carlsbad homeowners. City provi...
State income tax credit for residential solar photovoltaic systems installed in New Mexico. Credit equals 10% of system ...
Federal tax credit covering 30% of the cost of solar panel systems (and battery storage if charged by solar) installed o...
Many of these programs can be combined. For example, you can use a city repair grant for the work, a utility rebate for the energy savings, and a federal tax credit on top, all for the same project.
Pick a project to see how much funding could stack on it from multiple programs in this city.
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26 programs are currently listed for Carlsbad, including FEMA Hazard Mitigation Grant Program (HMGP), FEMA Increased Cost of Compliance (ICC) Coverage, HUD Lead Hazard Control & Healthy Homes.
Grants do not have to be repaid. Forgivable loans are forgiven over a residency period, and rebates refund your money after the purchase. In Carlsbad, 17 programs do not require repayment, 2 are forgivable loans, and 4 are rebates.
Every program listing carries the official application link and phone number for the administering agency. Homeowners apply directly with that agency; there is no middleman and no fee.