Residential On-Bill Financing Programs - Nicor Gas, North Shore Gas, Peoples Gas, Ameren and ComEd
Administered by: Renew Financial
Quick Summary
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.
AI-generated summary • Updated 7/12/2026
Program Details
- Program ID
- 5152
- Last Updated
- 7/29/2025
Eligibility
Program Summary
The Illinois Energy Efficiency Loan Program, administered through Slipstream Energy Finance Solutions and funded by participating utilities, provides loans to customers of Ameren Illinois, ComEd, Nicor, North Shore Gas, and Peoples Gas. Fixed rate loan terms: 8.74% interest rate† for 1, 3, 5, 7‡ , and 10‡ years These on-bill financing loans are designed to be repaid through regular utility bill payments and typically target residential customers, although certain utilities will allow commercial participation. Each utility has specific energy efficiency products that qualify for energy efficiency loans, as both gas and electric utilities are program participants. Generally, natural gas customers are eligible for financing on furnace purchases if the equipment meets program requirements. Contact your natural gas utility for details on financing for additional equipment. Electric customers may be eligible for financing on appliances, insulation measures and air conditioning systems. View program web site or contact your utility for more details.
Note: The EnergyLoan program is available to Ameren-approved installers, and On-Bill programs for ComEd, Nicor and Peoples/North Shore customers.
‡ The loan amount must be greater than $8,000 to utilize a 7 or 10 year loan term
Contact & Resources
Please verify current program details with the administering agency before making any financial decisions.