Find grants, rebates, forgivable loans, and free programs for Carmel, IN, filtered to your situation.
As of June 2026, 31 home improvement grant, rebate, and forgivable loan programs are open to homeowners in Carmel, IN, with individual awards up to $126,526. 7 programs target seniors, 2 serve veterans, and 13 require no income limit.
Data last verified 2026-05-25. How we verify our data.
| Funding type | Programs | Repaid? | Best for |
|---|---|---|---|
| Grants | 21 | Never repaid | Income-qualified homeowners |
| Forgivable loans | 3 | 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 weatherization program administered by IHCDA providing free energy efficiency improvements to income-el...
State-administered HUD Lead Hazard Control Program providing free lead paint testing and removal for pre-1978 homes with...
CDBG-funded home rehabilitation program for low-income homeowners in Hamilton County. Provides forgivable loans for majo...
Emergency grant for urgent home repairs that pose immediate threats to health and safety for very low-income homeowners....
Grant program for accessibility modifications to enable aging in place and improve safety for persons with disabilities....
Forgivable loan program to assist income-eligible homeowners with the cost of repairing or replacing private sewer later...
Rebate for Duke Energy customers who install qualifying high-efficiency air-source or geothermal heat pumps. Rebates ran...
Rebate for Duke Energy customers who add insulation to their home through an energy audit or qualifying contractor. Incl...
Rebate for purchasing and installing a qualifying Wi-Fi enabled smart thermostat. Eligible models include Nest, Ecobee, ...
Rebate for installing high-efficiency electric water heaters including heat pump water heaters. Heat pump models qualify...
Net metering program for Duke Energy customers who install solar panels. Customers receive retail rate credit for excess...
Indiana state law exempts the added value of solar energy systems from property tax assessments. The exemption means sol...
Low-interest loans and grants for very low-income homeowners in eligible rural areas to repair, improve, or modernize th...
Grant for veterans with certain service-connected disabilities to build, buy, or modify a home to accommodate their disa...
Grant for veterans with certain service-connected disabilities to adapt an existing or new home. Eligible disabilities i...
Federal HOME funds administered by IHCDA for housing rehabilitation projects. Provides grants and forgivable loans for l...
Grant program specifically for Hamilton County residents age 60+ to make minor home repairs and safety modifications. He...
Community Housing Development Organization projects funded through IHCDA providing affordable housing development and re...
Federal program that provided mortgage payment assistance and blight elimination funds following the 2008 housing crisis...
Indiana property tax deduction for homeowners age 65 or older. Reduces assessed value of property by up to 50%, signific...
Indiana property tax deduction for homeowners with disabilities certified by a physician. Reduces assessed value of prop...
Federal tax credit equal to 20% of annual mortgage interest, reducing federal income tax liability. Available to first-t...
Federal tax credit for energy efficient home improvements including insulation, windows, doors, and heat pumps. Credit e...
Federal Investment Tax Credit providing 30% tax credit for solar panel system installation. Includes solar PV panels and...
Indiana homestead standard deduction reduces assessed value of owner-occupied homes by up to 60% of assessed value or $4...
Free energy efficiency upgrades for income-qualified Duke Energy customers. Includes LED bulbs, smart power strips, low-...
Low-interest loan program for homeowners who need to repair or replace failing septic systems. Available to homeowners i...
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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31 programs are currently listed for Carmel, 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 Carmel, 21 programs do not require repayment, 3 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.