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.
Funding
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
