If you’re a homeowner and your monthly utility bill is more than you can afford, it can be difficult to make ends meet each month. The cost of housing has gone up significantly in the past several years, so for some people, these higher costs are especially burdensome. Fortunately, there are a number of programs available to lower your monthly utility bills and help you pay them off faster. These programs will not only reduce the amount of money that goes towards your bills each month but also provide assistance with other costs, such as home maintenance or repair expenses. If you live in North Carolina and you own a home, it’s very likely that your local utility company has already notified you about one or more different programs designed to help lower your annual utility bill payments and assist with paying them off faster. This article highlights some of the most prominent bill assistance programs currently available in North Carolina, explains how they work, lists the basic requirements you will need to qualify,, and provides insight into which one might be the best fit for you based on your circumstances.
How do renewable energy programs work?
Renewable energy programs work by reducing the amount of money that your utility company will charge you or, in some cases, the amount that you pay each month. The reduction in fees will be based on how many renewable energy sources, like wind power and solar panels, you have installed on your property. In this case, more renewable energy means more savings. Depending on which program you choose, your monthly payments could go down by one-third to half or even more. This is because some of these programs are designed to reduce the overall cost of your monthly bill, whereas others are only designed to reduce the amount of each payment and not lower your total bill payment. Examples of these types of bills consist of water bills and electric bills. Some types even include other services like natural gas and sewer billing as well as homeowner’s insurance costs.
Carolina Biodiesel Program – Help with Diesel Fuel Costs
Since 2008, the Carolina Biodiesel Program has been helping North Carolinians lower the cost of diesel fuel. Businesses that take part in the program can get a rebate that can be used to pay up to 20% of their total utility bills. Participants will receive $25 for every gallon of diesel fuel they use. It’s important to note that this program is only available in North Carolina, and is only available to commercial customers. To qualify, you will need to be a resident of North Carolina; have an annual business revenue greater than $5 million, and have a total annual energy consumption greater than 10 million BTUs. If you are not eligible for this particular program, there are other ways that you might qualify for assistance with your energy costs. These other options may include using an energy conservation service like ECO Power Services or cutting back on your home heating costs by installing insulation or weather stripping around windows and doors inside the home.
Duke Energy Smart Home Renovation Program
This program is available to Duke Energy customers who are homeowners in North Carolina, have a household income of less than $50,000, and have at least one child under 18 years old. The main requirement for this program is that you need to be employed for at least 40 hours per week. If you meet these conditions, Duke will give you up to $8,500 to help with your building project. This program also gives you the choice of not having to pay a mortgage on a newly built home or paying down a mortgage you already have. If you are eligible for this option, you can save an extra $5,000 on your building project. If you are eligible for both programs, Duke will give you a total of up to $11,500 in aid.
Duke Energy Cash Back to Help You Pay Your Bills Faster
Duke Energy Cash Back is the most popular bill assistance program, with over 120,000 households currently enrolled in it. The program provides a $25 rebate for each monthly utility bill paid on time. These rebates can be used to pay down a qualified loan or credit card debt. Most people who sign up for Duke Energy Cash Back are eligible for this help from their electric service provider. To qualify, you must own your home and have an electric bill that exceeds 3% of your gross household income. To receive the $25 per month rebate, all you need to do is pay your monthly electric bill on time and register online at https://www.duke-energy.com/cashback/
North Carolina Learn and Earn program – Educational Assistance for Lowering Your Utility Bill Payments
The North Carolina Learn and Earn program is a bill assistance program that gives you an educational benefit to help you pay less on your utility bills. This program pays for certain educational expenses, such as books, tuition, and fees. It also provides a small amount of money each month that you can use on anything else related to your education.