Illinois Energy Efficiency Loan Program

Program Terms and Features | Eligibile Measures | Frequently Asked Questions | How to Apply | For Contractors

Program Overview

The Illinois Energy Efficiency Loan Program is brought to you by participating gas and electric utilities:

Participating Utilities

Energy efficiency investments are a cost-effective means to decrease energy consumption, enhance building comfort, and reduce utility bills. Despite the benefits of energy efficiency investments, high upfront costs can be a significant barrier to investing in home energy improvements. The Illinois Energy Efficiency Loan Program allows utility customers to pay for the investments through a monthly loan charge on their utility bill.

Loan Features

  • Residential owner-occupied and tenant occupied, single-family (1-4 unit) homes, condominiums and mobile homes
  • Unsecured loan (homeowner provides no collateral) added to your monthly utility bill
  • Borrowers can finance $500 - $20,000
  • Fixed rate loan terms: 4.99% interest rate for 1, 3, 5, 7*, and 10* years
  • No fees, points, or closing costs
  • No prepayment penalty, can pay in full at any time
  • Can finance 100% of installation costs
  • Quick approval process

*The loan amount must be greater than $8,000 to utilize a 7 or 10 year loan term
Rates subject to change, customers are subject to the current rate at time of application.

Borrower(s) must meet and maintain certain utility eligibility standards in order to take advantage of the Illinois Energy Efficiency Loan (“Eligibility Standards”). You must be in compliance with the Eligibility Standards throughout the loan application process, including up to the time at which your installation is complete and your loan is to be closed and paid. The Eligibility Standards, which vary by utility, are as follows:

Ameren Illinois

  • All borrowers must be listed on the utility bill and all parties listed on the utility bill must be borrowers
  • For rental units, utility account must be in name of owner
  • Active utility account that is current
  • Utility account cannot have been cutoff for non-payment in the past 12 months nor have a pending cutoff for non-payment
  • Utility account cannot be under a deferred payment agreement or have a pending deferred payment agreement
  • Utility requirements must be met from application through loan closing when a second and final utility eligibility check will be performed

ComEd

  • The primary account holder must be the borrower
  • All borrowers must be listed on the utility account
  • For rental units, utility account must be in name of owner
  • Active utility account with no pending cutoff for non-payment
  • Utility requirements must be met from application through loan closing when a second and final utility eligibility check will be performed

Nicor Gas

  • The primary account holder must be the borrower
  • All borrowers must be listed on the utility bill
  • For rental units, utility account must be in name of owner
  • Active utility account that is not currently cut off for non-payment
  • Utility requirements must be met from application through loan closing when a second and final utility eligibility check will be performed

Peoples Gas

  • All borrowers must be listed on the utility bill and all parties listed on the utility bill must be borrowers
  • For rental units, utility bill must be in name of owner
  • Active utility account
  • Utility requirements must be met at the time of application

North Shore Gas

  • All borrowers must be listed on the utility bill and all parties listed on the utility bill must be borrowers
  • For rental units, utility bill must be in name of owner
  • Active utility account
  • Utility requirements must be met at the time of application

Eligible Measures

The Illinois Energy Efficiency Loan Program is designed to encourage the installation of high efficiency measures to increase the energy efficiency of your home. All energy efficiency measures to be installed must meet minimum efficiency requirements to be eligible for financing. To obtain more information about the types of improvements that may be financed by each participating utility, view the utility eligible measure lists link below:

Eligible Measures Chart

Frequently Asked Questions

View Frequently Asked Questions

Contractor Locator

To find an authorized contractor under this loan program access the contractor search feature on our website.

How to Apply

A) Apply online

Complete and submit the online application.

B) Print the application

Download and complete the application. Mail your application to EFS at the address found at the bottom of this page.

C) Request an application packet by mail

You may request to receive an application packet by mail by calling 877.923.2665.
Additional documentation will be requested with your application. This documentation may be uploaded to your account file after you apply online, or mailed or faxed to EFS with your application to the below address or fax number. 

Submit your application by mail or fax to:
Energy Finance Solutions
431 Charmany Drive
Madison, WI 53719
Fax: 608.249.5788

For Contractors

Are you a contractor interested in participating? Find more information here and required documents here.