Financing Your Project

Illinois PACE Programs

Program Name: Commercial Property Assessed Clean Energy

Applicable Building Size: Any

Eligible Projects: Energy Efficiency, Water Efficiency, Renewable Energy, EV Charging, Water Use Improvements, Resiliency Improvements

Funding: Up to 100% of project costs. Financed amount may not be less than $100,000.


Further explanation on the PACE program.

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On-Bill Financing

Program Name: Illinois Energy Efficiency Small Business & Multifamily Loan Program

Administrator: Slipstream Energy Finance Solutions

Applicable building size: Must have peak demand under 400 kW

Eligible projects: Building envelope, HVAC, lighting, refrigeration systems, compressed air systems

Funding: Loans range from $500–$150,000


Ownership/organization type: Small businesses, multi-family housing, and mixed-use properties


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ComEd Energy
Efficiency Program:
Small Business and Facilities

Program Name: ComEd – Small Businesses and Facilities

Applicable building size: Must have peak demand under 400 kW

Eligible projects: Building envelope, HVAC, lighting, refrigeration systems, compressed air systems

Funding: Incentives will vary based on project type. Can cover up to 75% of project costs.



Ownership/organization type: Small businesses and facilities including, but not limited to: retail stores, warehouses, convenience stores, low rise offices, restaurants, fire departments, park districts, libraries, learning institutions, government buildings 


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Peoples Gas
Energy Efficiency Program

Program Name: Peoples Gas Energy Efficiency Program

Applicable building size:

  • Multifamily: 3+ units
  • Small/Midsize business: annual usage does not exceed 400,000 therms
  • Commercial/Industrial: annual usage is greater than 400,000 therms

Eligible projects: steam trap upgrades, pipe insulation, boiler replacement, controls, thermostatic valves, equipment tune-ups, smart thermostats, and more. See the full list of prescriptive rebates.

Funding: Incentive amounts vary based on project type. The program also offers free energy assessments and engineering services.


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Nicor Gas
Energy Efficiency Program

Program Name: Nicor Rebates

Applicable building size: Varies – different incentives are available for different buildings, depending on size and usage.

Eligible projects: Space & Water Heating, Steam Traps, Boiler Tune-Ups, Commercial Food Service, Agriculture, Air Sealing and Insulation

Funding: Incentive amounts vary depending on project type.



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SomerCor SBA 504 Green Loan

Program Name: SBA 504 Green Loan

Applicable building size: Any owner-occupied commercial real estate; new ground-up construction is also eligible.

Eligible projects: Renewable Energy, Reduce Energy Consumption, Sustainable Design, Minimize Environmental Impact, Energy Efficiency

Funding: SBA maximum contribution of $5.5 million cap with no maximum total project size limit. Borrowers can have multiple SBA 504 Green Loans with no aggregate cap limit on capital.


Further explanation on the SBA 504 Green Loan Program.


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