Funding & Financing for Institutional and Other Buildings

Energy Efficiency Revolving Loan Fund

The Illinois Environmental Protection Agency (IEPA) and Illinois Finance Authority (IFA) are now accepting pre-applications for the Energy Efficiency Revolving Loan Fund (EE RLF) program. This initiative offers low-interest Bridge Loans to nonprofits, public entities, and commercial building owners in order to finance clean energy projects, such as building electrification, energy storage, and distributed generation, while addressing funding gaps caused by delays in receiving federal direct pay tax credits and Illinois Solar for All incentives.

Apply for the EE RLF Bridge Loan here: Pre-application Link

Illinois Energy Office Energy Efficiency Assessment Program

The Energy Efficiency Assessment Program provides funding to public housing authorities, local governments, or nonprofit organizations to conduct energy efficiency assessments at properties benefiting residents receiving housing assistance from a state or federal program.



Illinois Climate Bank’s SSBCI Program

This program is designed to empower small businesses by improving access to capital, particularly in markets that have historically been underserved or subjected to discrimination. It places a strong emphasis on providing targeted support to Socially and Economically Disadvantaged Communities and Individuals (SEDI) and Very Small Businesses (VSB). Additionally, the program contributes to the Climate Bank Finance’s Participation Loan Program, further enhancing its capacity to address critical funding gaps and promote equitable economic growth.

DCEO Small Business Capital and Infrastructure Grant Program

Applications open through April 7, 2025 for grants $10,000 - $245,000 for eligible project activities.

ComEd Energy Efficiency Program: Small Business and Facilities

ComEd customers that operate smaller businesses and facilities (peak demand under 400 kW) are eligible for incentives on energy-saving projects in their buildings. Building owners can submit an interest form and get matched with a ComEd-approved Service Provider that will complete an energy assessment, compile a list of recommendations, and coordinate project delivery. The Service Provider can also apply ComEd incentives to bring project costs down. The program applies to existing buildings looking to pursue energy efficiency upgrades.

Nicor Gas Energy Efficiency Program

Nicor offers multiple resources for customers looking to complete energy efficiency projects. Businesses can receive free assessments and products, rebates for select energy efficiency projects, and custom incentives for projects that do not fall under the standard list of rebates. Nicor’s Emerging Technology program also seeks to bring new energy efficient technology into the market.