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

IL Loan Program commercial residential federal government multifamily residential

Administered by: Renew Financial

Program Details

Program ID
5152
Last Updated
7/29/2025

Eligibility

Eligible Sectors
commercial residential federal government multifamily residential
Eligible Technologies
clothes washers refrigerators/freezers lighting furnaces boilers heat pumps air conditioners programmable thermostats duct/air sealing building insulation motors

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

Additional Resources

Please verify current program details with the administering agency before making any financial decisions.

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