Energy Efficiency Loans for multi-family residential buildings

Financing is now available to eligible Nicor Gas multi-family property owners to cover the cost of energy efficiency equipment and improvements. Installments on the loan are conveniently applied to monthly Nicor Gas bills.

General rates and terms

  • 5.99% fixed interest rate
  • Loans up to $150,000 per site
  • Up to 100% financing available 
  • 1-10 year loan terms, in increments of 1 year
  • No fees to customer or contractor
  • Work must be done by an approved contractor
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Eligibility
Nicor Gas customers:

  • Are installing a qualifying improvement in that property (see below for qualifying improvements)
  • Meet lender’s credit requirements 

Multi-family buildings must have five to 50 units to qualify.

Qualifying equipment and improvements
Equipment or improvements eligible for rebates or incentives through energySMART with a total installed cost of more than $500 are eligible.

Approved contractors
Only contractors enrolled with Renew Financial — the program lender — may perform the work. Self-installations are not eligible. Use our Find a Contractor tool to find an approved contractor.

Click here for information about financing options offered by other institutions.



Frequently asked questions

See answers to common questions regarding Energy Efficiency Loans and how to get started.

Browse FAQ now

Apply for a rebate

energySMART also offers rebates for your property’s energy efficiency improvements, to help you save even more.

See all available rebates