Availability of loan programs and incentives changes frequently. Check back for updates!

Loans & Financing - Elmhurst Cool Cities is looking for opportunities with local banks to offer short-term loans to cover Project GREEN costs.  We will update the site as information is available.

If you are looking for your own retrofit financing, keep a few key concepts in mind: 

Energy audit recommendations are a good tool to determine a range for your loan budget.

Compare the cost of the additional loan payments each month to the estimated utility savings. 

A retrofit loan should never add to your overall monthly expenses.

State Tax Credits & Incentives – Currently, all credit and rebate programs in Illinois have expired.  We will update the site as new programs are announced.

Federal Tax Credits for Energy Efficiency - If you purchase an energy-efficient product or renewable energy system for your home, you may be eligible for a federal tax credit. Please note, not all products qualify for a tax credit. Check the U.S. Department of Energy’s website for more details: (http://www.energy.gov/taxbreaks.htm)

What is included in the Tax Credit?

Credits through 2010

Tax Credit: 30% of cost up to $1,500

Expires: December 31, 2010

Details: Must be an existing home and your principal residence.

What is included: Biomass Stoves, HVAC, Insulation, Roofing, Water Heaters (non-solar), Windows and Doors.

Credits through 2016

Tax Credit: 30% of costs with no upper limit

Expires: December 31, 2016

Details: Existing homes and new construction qualify. Both principal residences and second homes qualify.

What is included: Geothermal Heat Pumps, Small Wind Turbines (residential) and Solar Energy Systems.

Fuel Cells (Residential Fuel Cell and Microturbine System)

Tax Credit: 30% of the cost, up to $500 per .5 kW of power capacity

Expires: December 31, 2016

Details: Existing homes and new construction qualify. Must be your principal residence.

Automobile Tax Credits

Hybrid Gas-Electric and Alternative Fuel Vehicles