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Multi-Family Building

 

Making Efficiency Upgrades Affordable

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 4 units or less 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.

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

Eligibility Requirements

  • You must be a ComEd delivery service customer with an active ComEd account in the building where the energy-efficiency improvement will be installed.
  • You must be the owner or renter of the building where the energy-efficiency improvement will be installed.
  • Your - credit score must be - 640 or greater

Prequalify Before You Purchase

You must pre-qualify for your loan prior to the purchase of any of these products or services. Apply online for prequalification. The interest rate is currently 4.99% for multi-family loans.* You will need your ComEd account number to complete the application. You may apply for both electric and natural gas energy-efficiency measures on the same application. 

Our vendor, Slipstream/EFS, processes all applications and makes all loan determinations. EFS is the capital provider and financial services subsidiary of Slipstream. Funds for this program are limited.

* As of January 1, 2021

Available for Building Owner Financing

High-efficiency central air conditioning systems, air source heat pumps. Qualifying products that meet the eligibility requirements of the ComEd Energy Efficiency Program Heating and Cooling Rebates offering may also qualify for an Energy Efficiency Loan. Rebates are available from ComEd for these products, plus more.

Apply Now

Questions: Call 855-433-2700

 Content Editor

​On-Bill Financing

For more details of this program, download the PDF here or watch this informative video.

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