Energy Efficiency Loans for businesses

Financing is available to eligible Nicor Gas business customers to cover the cost of energy efficiency equipment and improvements. Installments on the loan are conveniently applied to your monthly Nicor Gas bills.

General rates and terms

  • 5.99% fixed interest rate
  • Loans up to $20,000 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 completed by an approved contractor
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Nicor Gas customers with an active Nicor Gas account for the building, and who own the building where the energy efficiency measures will be installed are eligible for an Energy Efficiency Loan. Customers will also need to meet the credit approval criteria noted.

Qualifying equipment and improvements
Equipment or improvements eligible for rebates or incentives through energySMART are eligible for financing.

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.

Convenient financing facts

Get more details about the loan application process end eligibility requirements now.

Download the fact sheet

Frequently asked questions

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

Browse FAQ

Apply for a rebate

energySMART also offers rebates for business energy efficiency improvements, to help you save even more.

See all available rebates