Illinois Energy Efficiency Loan Program

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

Residential owner-occupied and tenant-occupied, single-family (1-4 unit) homes, condominiums and mobile homes could qualify for an unsecured loan (homeowner provides no collateral) added to a monthly utility bill. Borrowers can finance $500 Р$20,000 at a fixed interest rate of 4.99% for a 1-, 3-, 5-, 7- or 10-year term. The Illinois Energy Efficiency Loan Programs works with most of the major utility providers of the state, including ComEd, Nicor Gas, People’s Gas and North Shore Gas.

https://www.energyfinancesolutions.com/ForHomeowners-Illinois-Loan-Program

Energy Finance Solutions offers customizable financing programs to meet your energy-efficiency and renewable-energy goals. Proactive loans are available for planned energy-efficiency and renewable-energy projects. Reactive loans are also provided for unexpected system replacements, such as a failed furnace.

https://www.energyfinancesolutions.com/aboutefs-productsandservices

Wisetack

Get flexible financing for your energy-efficiency upgrades through Wisetack. A short application process takes just a minute to learn your options without affecting your credit score. Wisetack offers terms ranging from 3 to 60 months at an Annual Percentage Rate (APR) from 0% to 29.9%. There are no prepayment penalties, origination fees or compounding interest.