On-Bill Financing

Illinois Energy Efficiency Small Business & Multifamily Loan Program

ComEd and Nicor Gas, customers are eligible to receive loans up to $150,000 for energy efficiency projects in their buildings. The loan is repaid through an additional charge on the customer’s utility bill. Loans can be paid over 1-10 years with a fixed interest rate. There is no penalty for early payment.

Learn More

Funding

 

Loans range from $500–$150,000


Administrator

Slipstream Energy Finance Solutions

Eligible Projects


  • Building envelope
  • HVAC
  • Lighting
  • Refrigeration systems
  • Compressed air systems


Building Sector

Small businesses

Multi-family housing

Mixed-use properties

Process

  • Complete a commercial credit application.
  • Find an approved contractor.
  • Loan will be accepted or not, based on credit application. Note that submitting a credit application does not lock you into a loan or contractor agreement.

Advantages

This program is open to businesses renting/leasing a space, so long as the utility account is in the name of the business entity owner.

Additional Information

N/A

Share by: