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.
Energy efficient products are eligible for Nicor Gas rebates. Applications must be postmarked no later than 90 days after installation. Customers can also choose the Instant Discount Option, which provides a discount at point of purchase from a participating contractor. Visit the website for complete rules. In addition to the energy efficiency rebates listed above, Nicor Gas offers the Home Energy Savings Program, Multi-Family Comprehensive Energy Efficiency Program and New Construction in partnership with ComEd.
Nicor Gas offers a variety of rebates to commercial customers for the purchase and installation of energy efficient products. Rebates are available on water heaters, furnaces, boilers, boiler controls and maintenance, steam trap repairs and replacements, and more.
The Illinois New Markets Development Program provides supplemental funding for investment entities that have been approved for the Federal New Markets Tax Credit (NMTC) program. This program will support small and developing businesses by making capital funds more easily available and will make Illinois more attractive to possible investors.
'''''NOTE: Legislation enacted in 2011 and 2012 (S.B. 1652, H.B. 3036, and S.B. 3811) has changed several aspects of net metering in Illinois. For customers in competitive classes as of July 1, 2011, the law prescribes a dual metering and bill crediting system which does not meet the definition of net metering as the term is generally defined.
The Midwest Renewable Energy Tracking System (M-RETS®) tracks renewable energy generation in participating States and Provinces and assists in verifying compliance with individual state/provincial or voluntary Renewable Portfolio Standards (RPS) and objectives. M-RETS® is a tool to keep track of all relevant information about renewable energy produced and delivered in the region.
MidAmerican Energy offers a variety of energy efficiency rebate programs to nonresidential customers located in Illinois. The amount of the rebate varies greatly depending on the technology, its size and efficiency. Brochures that contain the details of rebate amounts and a rebate application can be accessed via the web site above.
MidAmerican Energy offers a variety of incentives for residential customers to improve the energy efficiency of participating homes. Electric customers of MidAmerican Energy qualify for rebates on programmable thermostats, air source heat pumps, add-on heat pumps, ground-source heat pumps, central air conditioning units and room air conditioning units. The Residential Equipment Brochure on the program web site above provides specific rebate amounts, details and requirements.