The Ameren Illinois Energy Efficiency Program remains committed to helping customers improve the comfort of their home, manage energy usage and reduce energy expenses. Ameren Illinois offers On-Bill Financing to help customers manage the costs of energy efficiency upgrades. energy costs.
On-Bill Financing is offered as a way of funding energy efficiency projects a Residential customer may wish to complete for their home. For customers and energy efficiency projects that qualify for On-Bill Financing, Ameren Illinois will pay the out-of-pocket cost upfront, then the customer will utilize On-Bill Financing to repay the loan, with interest, by submitting regular payments through their existing Ameren Illinois energy bill. The interest rate for Residential On-Bill Financing loans is currently at 8.74%, and is set to increase to 8.99% effective Nov. 1, 2023.
To be considered for On-Bill Financing to help pay for the cost of an energy efficiency home upgrades, Residential customers must meet the following criteria. Additional criteria may be applicable and can be found HERE.