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Renew Financial Makes Home Comfort & Energy Efficiency Affordable

You could be eligible to receive a low-interest loan to cover the purchase and installation of a high-efficiency furnace or boiler. Payments on your loan will be billed conveniently in installments on your monthly utility bill. And as a bonus, these improvements may be eligible for rebates through the Peoples Gas or North Shore Gas Natural Gas Savings Program.

The Illinois Energy Efficiency Financing Program Offers:

  • 4.99% Fixed-rate, Unsecured Financing
  • Loans as low as $500, and up to $20,000
  • 100% Financing is Available
  • New Homeowners Eligible, No Home Equity Required
  • No Fees for Consumers or Contractors
  • Up to 10 Years to Repay
  • Installation Must be Completed by a Registered Contractor

Who is Eligible?

  • Customers who:
  • Own a Single-family home, Condo, or Multi-family building with no more than four units;
  • Are installing qualifying equipment in that property; and
  • Have good credit and the ability to repay

Which Improvements Qualify?

To qualify, improvements must meet ENERGY STAR® standards or other similar standards that may apply. Up to 25% of the funds may be used for other energy-efficient improvements related to the project.

  • Natural gas heating equipment with a qualifying efficiency rating:
    • Hot water boilers, AFUE > 88%
    • Steam boilers, AFUE > 82.5%
    • Furnaces, AFUE > 95%%
  • Weatherization improvements performed by a qualified contractor per rebate program requirements:
    • Air sealing and attic insulation
    • Duct sealing

Can I Receive a Rebate for These Projects Too?

Yes, in most cases. Customers can apply to receive a rebate on qualifying home improvements through the Peoples Gas or North Shore Gas Natural Gas Savings Program.

  • ComEd customers:

    Click here for program details and application.

  • Nicor customers:

    Click here for program details and application.

  • Peoples Gas customers:

    Click here for program details and application.

  • North Shore customers:

    Click here for program details and application.

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