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Illinois

Illinois

Incentives/Policies for Energy Efficiency

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

Last DSIRE Review: 11/08/2012
Program Overview:
State: Illinois
Incentive Type: Utility Loan Program
Eligible Efficiency Technologies: Clothes Washers, Refrigerators, Furnaces , Central Air conditioners, Duct/Air sealing, Building Insulation
Applicable Sectors: Commercial, Residential
Amount:Up to $20,000
See program web site for details on your utility
Terms:General Interest Rate: 4.99%
General Repayment: 3, 5 or 10 years
Web Site: http://www.ilenergyloan.com/index.php
Summary:

The Illinois Energy Efficiency Loan Program, administered through AFC First and funded by participating utilities, provides loans to customers of Ameren Illinois, ComEd, Nicor, North Shore Gas, and Peoples Gas. Typically, loans of up to $20,000 can be repaid over the course of 3, 5, or 10 years. The interest rate is currently set at 4.99% although certain loan specifications may vary from utility to utility. 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 these loans, as both gas and electric utilities are program participants. View the program web site to learn about the products available from each utility company.

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.


 
Contact:
  AFC First Financial Corp.
1005 Brookside Road
Allentown, PA 18106
Phone: (888) 269-3133
Phone 2: (888) 232-3477
Web Site: http://www.ilenergyloan.com/index.php
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.