Nicor Gas, North Shore Gas, Peoples Gas, Ameren and ComEd - Residential On-Bill Financing Programs (Illinois)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Nicor, Peoples, and North Shore Gas - Small Business Energy Savings Program (Illinois)|
|Incentive Type||Utility Loan Program|
|Applicable Sector||Commercial, Residential|
|Eligible Technologies||Building Insulation, Central Air conditioners, Clothes Washers, Duct/Air sealing, Furnaces, Refrigerators|
|Energy Category||Energy Efficiency Incentive Programs|
|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
|Program Administrator||AFC First|
|Last DSIRE Review||2012-11-08|
| Last Substantive Modification
to Summary by DSIRE
|Incentive Source||ComEd, Nicor Gas, Peoples Gas, and North Shore Gas|
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 Name||AFC First Financial Corp.|
|Address||1005 Brookside Road|
|Phone 2||(888) 232-3477|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.