Duke Energy offers grants up to $20,000 for South Carolina programs that make homes ready for energy efficiency upgrades
Rhea-AI Summary
Duke Energy (NYSE:DUK) has announced a new grant initiative through its Foundation, offering up to $20,000 to qualified South Carolina nonprofits that help prepare homes for energy efficiency improvements. The program targets homes that currently cannot benefit from weatherization programs due to pre-existing health and safety issues.
Eligible 501(C)(3) nonprofits must have established programs addressing repairs such as roof replacement, electrical upgrades, plumbing repairs, structural stabilization, and pest control. Applications are open from September 17 to October 30, 2025. The initiative aligns with Duke Energy's broader strategy to expand energy efficiency programs in South Carolina, where the company serves millions of customers.
Positive
- Foundation provides over $30 million annually in philanthropic support
- Initiative addresses key barriers to energy efficiency implementation
- Aligns with legislative efforts to promote energy efficiency in South Carolina
- Company has increased incentives for energy efficiency programs
Negative
- Grants limited to maximum of $20,000 per organization
- Funds cannot be used for direct weatherization or energy efficiency repairs
News Market Reaction – DUK
On the day this news was published, DUK gained 0.71%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
- Many homes across the state are unable to benefit from weatherization programs because of pre-existing health and safety issues
- Qualified nonprofit organizations with existing programs can apply through Oct. 30
Why it matters: Many homes across the Palmetto State are unable to benefit from weatherization programs because of pre-existing health and safety issues, such as roof leaks, electrical hazards, mold, pest infestations or structural deficiencies that must be addressed before energy efficiency upgrades can occur. Duke Energy Foundation microgrants will help bolster the programs that make these repairs.
Bottom line: Nonprofit organizations that prepare income challenged households for participation in energy efficiency and weatherization initiatives can now apply for grants up to
- Only qualified 501(C)(3) nonprofits that currently have established health and safety home repair programs that do this work are eligible to apply for grant funding.
- Funding must be used for health and safety repairs directly related to enabling weatherization and energy efficiency readiness and improvements including but not limited to: Roof repair or replacement; electrical repairs or upgrades; plumbing repairs to address leaks, clogs or non-functioning systems; structural stabilization; mold remediation and radon mitigation; pest control and exclusion.
More information and application: These funds cannot be used for direct weatherization or energy efficiency repairs. Qualified nonprofit organizations can apply here for this one-time grant opportunity. The application window opens today and closes Oct. 30.
Our view
- Tim Pearson, Duke Energy's
South Carolina president: "Recent legislative efforts have made it clear thatSouth Carolina's leaders realize the importance of energy efficiency and weatherization programs in moderating energy bills and the growing demand on the electric grid. As Duke Energy looks to new ways of expanding these offerings, we also understand the need to help address the underlying safety issues in homes that are barriers to these efforts."
Saving energy and money: To encourage greater participation by residential and business customers, Duke Energy has increased incentives and eligibility for many of its energy efficiency and demand response programs in
Duke Energy Foundation
Duke Energy Foundation provides more than
Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in
Duke Energy is executing an ambitious energy transition, keeping customer reliability and value at the forefront as it builds a smarter energy future. The company is investing in major electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables and energy storage.
More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on X, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition.
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SOURCE Duke Energy