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

August 04, 2023


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

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: Illinois
Incentive Type: Loan Program
Web Site:
Administrator: Renew Financial
Start Date:
Eligible Renewable/Other Technologies:
  • Clothes Washers
  • Refrigerators/Freezers
  • Lighting
  • Furnaces
  • Boilers
  • Heat pumps
  • Air conditioners
  • Programmable Thermostats
  • Duct/Air sealing
  • Building Insulation
  • Motors
Maximum Loan: Borrowers can finance $500 - $20,000
Loan Term: Fixed rate loan terms: 1, 3, 5, 7‡ , and 10‡ years
‡ The loan amount must be greater than $8,000 to utilize a 7 or 10 year loan term
Interest Rate: 8.74% interest rate†
† Rates subject to change. Customers are subject to the current rate at time of application


Name: S.B. 2350
Date Enacted: 08/27/2013
Effective Date: 08/27/2013


Name: Energy Finance Solutions
Address: 431 Charmany Drive
Madison WI 53719
Phone: (187) 792-3266

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.