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Multi-Family Building

 

Financing for Efficiency

Energy Efficiency Loans provide special financing for the purchase and installation of qualified energy-efficiency products and services. Eligible homeowners, owners of residential buildings of 50 units or less and owners of small business buildings may apply. Your loan payment will be billed monthly on your ComEd bill.

ComEd is one of five Illinois utilities offering Energy Efficiency Loans, along with Ameren Illinois, Nicor Gas, Peoples Gas, and North Shore Gas. Each utility may have additional energy-efficient products and services that qualify for these loans. Customers can view detailed loan information and review the products and services available from each utility at ILEnergyLoan.com.

This program is offered by ComEd in accordance with Illinois public law.

Eligibility Requirements

  • Be a ComEd delivery service customer with an active ComEd account in the building where the energy-efficiency improvement will be installed.
  • Be the owner of the building where the energy-efficiency improvement will be installed.
  • For multi-family and small business customers, the loan underwriting requirements will depend on the loan size

Prequalify Before You Purchase

You must pre-qualify for your loan prior to the purchase of any of these products or services. Pre-qualify by applying at ILEnergyLoan.com. The interest rate is currently 5.74% for residential loans and 5.99% for multi-family and small business loans.* You will need your ComEd account number to complete the application. You may apply for both electric and natural gas energy-efficency measures on the same application. Renew Financial processes all applications and makes all loan determinations. Funds for this program are limited.

* As of May 7, 2015.

Available Multi-Family Financing

Financing may be available on discounted contractor services, as well as on measures with standard or custom rebates. In addition, ComEd, along with Nicor Gas, Peoples Gas, and North Shore Gas, offers building managers and owners energy-efficiency upgrade incentives. For more information, visit our Business Multi-Family Property page.

Apply Now

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