Residential On-Bill Financing Programs - Nicor Gas, North Shore Gas, Peoples Gas, Ameren and ComEd

You can borrow $500–$20,000 at a fixed 7.49% APR to finance eligible energy efficiency improvements like furnaces, heat pumps, air conditioning, insulation, and air sealing, with loan terms of 1, 3, 5, 7, or 10 years (7 and 10-year terms require loans over $8,000). The loan is repaid as a separate line item on your monthly utility bill with no fees, closing costs, or prepayment penalties, and you must be current on your utility account and listed as a borrower on it. Visit il.energyfinancesolutions.com to apply online (decisions within moments or one business day) and find approved contractors in your area.

You can serve residential customers of Ameren Illinois, ComEd, Nicor Gas, North Shore Gas, and Peoples Gas seeking to finance qualifying energy efficiency measures through on-bill loans with quick approval and direct utility billing to the homeowner. You must be listed on the EFS contractor database at il.energyfinancesolutions.com/contractors/il_contractor/ and ensure installations meet minimum efficiency standards (e.g., furnaces AFUE ≥95%, heat pumps SEER 16 or greater for Ameren; ComEd heat pumps ≥15.2 SEER2); eligible measures vary by utility and may include HVAC, insulation, air sealing, and smart thermostats.

The Illinois Energy Efficiency Loan Program, funded by five participating utilities and administered by Slipstream Energy Finance Solutions, finances residential energy efficiency measures through unsecured on-bill loans ranging from $500–$20,000 at 7.49% fixed APR across 1-, 3-, 5-, 7-, and 10-year terms. Borrower eligibility requires utility account holders be current on their bills, not subject to cutoff or deferred payment agreements (standards vary slightly by utility), and all account holders must be listed as borrowers; the program targets owner-occupied and tenant-occupied single- to four-unit homes, condominiums, and mobile homes. Application decisions occur within moments for online submissions or one business day for paper applications, with loan repayment appearing as a separate line item on utility bills and the full balance due upon property transfer.