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

Commonwealth Edison Co commercial energy efficiency rebate program

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

eligible technologies

Clothes Washers, Refrigerators/Freezers, Lighting, Furnaces, Boilers, Heat pumps, Air conditioners, Programmable Thermostats, Duct/Air sealing, Building Insulation, Motors

website

http://www.ilenergyloan.com/

program administrator

Renew Financial

program notes

March 25, 2015: No changes to program policy.
August 22, 2016: Updated administrator information.
February 6, 2019: Program ended in 2018 but a revised program will be available soon.
August 4, 2023: Annual review, updated interest rates and program description

What cities does Commonwealth Edison Co cover?

The following cities are in the Commonwealth Edison Co service area. However, this program may not be available in every city. Check the program website for details.: Addison, Albany, Algonquin, Alsip, Amboy, Ancona, Annawan, Antioch, Arlington Heights, Aroma Park, Ashton, Atkinson, Aurora, Baileyville, Barrington, Bartlett, Batavia, Beaverville, Beecher, Bellwood, Beloit, Belvidere, Bensenville, Benson, Berkeley, Berwyn, Big Rock, Blackstone, Bloomingdale, Blue Island, Bolingbrook, Bonfield, Bourbonnais, Braceville, Bradley, Braidwood, Bridgeview, Bristol, Broadview, Brodhead, Brookfield, Browntown, Buckingham, Buffalo Grove, Burbank, Burlington, Byron, Cabery, Caledonia, Calumet City, Capron, Carol Stream, Carpentersville, Cary, Cedar Lake, Chadwick, Chana, Channahon, Chebanse, Chenoa, Cherry Valley, Chicago, Chicago Heights, Chicago Ridge, Cicero, Clare, Clarendon Hills, Clinton, Clinton, Coal City, Compton, Cordova, Cornell, Cortland, Country Club Hills, Crest Hill, Creston, Crete, Crystal Lake, Cullom, Dakota, Dana, Darien, Davis, Davis Junction, Deer Grove, Deerfield, Dekalb, Des Plaines, Dixon, Dolton, Downers Grove, Dundee, Durand, Dwight, Dyer, Earlville, El Paso, Elburn, Eldena, Eleroy, Elgin, Elk Grove Village, Elmhurst, Elmwood Park, Elwood, Emington, Erie, Esmond, Essex, Evanston, Evergreen Park, Fairbury, Fenton, Flanagan, Flossmoor, Forest Park, Forrest, Forreston, Fort Sheridan, Fox Lake, Fox River Grove, Frankfort, Franklin Grove, Franklin Park, Freeport, Fulton, Garden Prairie, Gardner, Geneseo, Geneva, Genoa, German Valley, Gilberts, Glen Ellyn, Glencoe, Glendale Heights, Glenview, Glenwood, Golf, Grand Ridge, Grant Park, Graymont, Grayslake, Great Lakes, Gridley, Gurnee, Hammond, Hampshire, Hanover Park, Harmon, Harvard, Harvey, Harwood Heights, Hazel Crest, Hebron, Herscher, Hickory Hills, Highland Park, Highwood, Hillsdale, Hillside, Hinckley, Hinsdale, Hoffman Estates, Homer Glen, Hometown, Homewood, Hooppole, Huntley, Ingleside, Island Lake, Itasca, Joliet, Juda, Justice, Kankakee, Kempton, Kenilworth, Kent, Kingston, Kinsman, Kirkland, La Grange, La Grange Park, La Moille, Lake Bluff, Lake Forest, Lake In The Hills, Lake Villa, Lake Village, Lake Zurich, Lanark, Lansing, Leaf River, Lee, Leland, Lemont, Lena, Leonore, Libertyville, Lincolnshire, Lincolnwood, Lindenwood, Lisle, Lockport, Lombard, Long Point, Lostant, Loves Park, Lowell, Lyndon, Lyons, Machesney Park, Magnolia, Malta, Manhattan, Manteno, Maple Park, Marengo, Markham, Marseilles, Matteson, Maywood, Mazon, Mc Connell, Mc Nabb, Mchenry, Medinah, Melrose Park, Mendota, Midlothian, Millbrook, Milledgeville, Millington, Mineral, Minonk, Minooka, Mokena, Momence, Monee, Monroe, Monroe Center, Montgomery, Mooseheart, Morocco, Morris, Morrison, Morton Grove, Mount Carroll, Mount Morris, Mount Prospect, Mundelein, Munster, Naperville, New Lenox, Newark, Niles, North Aurora, North Chicago, Northbrook, Oak Brook, Oak Forest, Oak Lawn, Oak Park, Odell, Oglesby, Ohio, Olympia Fields, Orangeville, Oregon, Orland Park, Oswego, Ottawa, Palatine, Palos Heights, Palos Hills, Palos Park, Park Forest, Park Ridge, Paw Paw, Pearl City, Pecatonica, Pembroke Township, Peotone, Peru, Plainfield, Plano, Polo, Pontiac, Poplar Grove, Posen, Prophetstown, Prospect Heights, Ransom, Reddick, Richmond, Richton Park, Ridott, Ringwood, River Forest, River Grove, Riverdale, Riverside, Roanoke, Robbins, Rochelle, Rock City, Rock Falls, Rockford, Rockton, Rolling Meadows, Romeoville, Roscoe, Roselle, Round Lake, Rutland, Saint Anne, Saint Charles, Sandwich, Saunemin, Schaumburg, Schiller Park, Schneider, Seneca, Seward, Shabbona, Shannon, Sharon, Sheffield, Sheridan, Shorewood, Skokie, Somonauk, South Beloit, South Elgin, South Holland, South Wayne, South Wilmington, Spring Grove, Steger, Sterling, Steward, Stillman Valley, Stockton, Stone Park, Streamwood, Streator, Sublette, Sugar Grove, Summit Argo, Sycamore, Tampico, Thomson, Thornton, Tinley Park, Toluca, Tonica, Trevor, Twin Lakes, Union, University Park, Varna, Vernon Hills, Verona, Villa Park, Wadsworth, Walnut, Warren, Warrenville, Waterman, Wauconda, Waukegan, Wayne, Wenona, West Brooklyn, West Chicago, Westchester, Western Springs, Westmont, Wheaton, Wheeling, Willow Springs, Willowbrook, Wilmette, Wilmington, Winfield, Winnebago, Winnetka, Winslow, Winthrop Harbor, Wonder Lake, Wood Dale, Woodridge, Woodstock, Worth, Yorkville, Zion