Illinois Electric Cooperative customers, Illinois · Loan
Energy Efficiency Loan Program (Illinois Electric Cooperative)
Run by Illinois Electric Cooperative
Illinois Electric Cooperative lends members money at the co-op's cost of money, repaid on the electric bill, for heat pumps, geothermal, water heaters, insulation, windows, doors and renewable energy systems.
Amounts
How much you get
Interest rate (APR) equal to the co-op's cost of money; up to 12 months to repay under $1,000, up to 48 months for $1,001-$5,000, and up to 84 months above $5,001. Payments are added to your electric bill. No maximum is published.
Eligibility
Do I qualify?
You need to meet all 2 of these.
Illinois Electric Cooperative member receiving service at the home.
Account in good standing and a simple credit check; the co-op places a lien on the property until the loan is repaid.
Equipment
What equipment counts
Applying
How to apply
Follow these steps.
- Download the Energy Efficiency loan application or call 1-800-468-4732.
- Pass the credit check.
- Repay through your monthly electric bill.
Stacking
Use it with
Your address
Next steps
Check that it covers your address. Then, if you want, ask for a contractor quote.
Is it available at your address?
Before anything else
Your quote request is in If a contractor we work with serves your ZIP, they can contact you. We take one request per person; contact us to change it.
Get an email if this program changes
We'll write if its amount, status or deadline changes. Nothing else.
FAQ
Questions
How much does Energy Efficiency Loan Program (Illinois Electric Cooperative) pay?
Interest rate (APR) equal to the co-op's cost of money; up to 12 months to repay under $1,000, up to 48 months for $1,001-$5,000, and up to 84 months above $5,001. Payments are added to your electric bill. No maximum is published.
Do I need to be a Illinois Electric Cooperative customer?
Yes. It’s only for homes in Illinois Electric Cooperative customers, Illinois. See Do I qualify for the details.
Is it still available?
Yes. It was open when we last checked, on October 27, 2026.
Plain words
Words used on this page
References
Sources
This page is built from these official pages, run by the program itself.
When one of these pages changes, we re-check this page against it.
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