This pre-application is intended to determine eligibility for IFA bridge loans and participation loans, which provide interim financing for projects awaiting disbursement of federal tax credit payments under the Inflation Reduction Act of 2022 (“IRA”) and/or Illinois Solar for All incentives. Qualified Projects must be publicly or privately owned commercial buildings, including multifamily buildings with five or more units, located in Illinois, and must have undergone a qualified energy audit. Bridge loans shall be repaid upon the Borrower’s receipt of its Direct Pay tax credit payment, tax credit filing, and receipt of Investment Tax Credits (ITC) and/or upfront incentive payment under Illinois Solar for All.
In addition to bridge loans, participation loans may be available for projects requiring longer-term financing in partnership with other lenders.
Applicants with Qualified Projects will be contacted to submit full applications. Submitting this pre-application does not guarantee funding. For program details, loan terms, and eligibility requirements, refer to the Initial Bridge Loan Strategy:
Please visit our program page for more information.