Atlantic City Electric Commercial & Industrial Energy Efficiency Program Financing FAQs

The Atlantic City Electric Energy-efficiency Programs provide access to low-or no-cost financing to promote easy and cost-effective access to energy-efficiency measures by Atlantic City Electric customers.

Atlantic City Electric has engaged NEIF to offer 0% interest rate financing to Atlantic City Electric customers who participate in its energy-efficiency programs according to program terms and eligibility.  NEIF or its lending partner is the lender and servicer of the loans. Atlantic City Electric provides funds to bring interest rates down from market rates to 0% to enable participation in its energy-efficiency programs. 

NEIF is a full-service, multi-state licensed consumer and commercial lender focused on program-driven financing plans for energy and resilience improvements.  NEIF works with a network of contractors, distributors, manufacturers, utilities and governments to promote affordability for upgrades that make businesses and homes resilient, energy-efficient, healthy and comfortable.  It is the nation’s only specialty energy-efficiency lender third-party certified as a B Corporation®.  Certified B Corporations are businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability. NEIF is also a Home Improvement Expert Lender Partner of the U.S. Department of Energy.

1. The program is FREE for NEIF-Approved Contractors to offer to eligible Atlantic City Electric customers. There are no “dealer-fees.”
2. Financing covers 100% of your project costs, less applicable Atlantic City Electric energy-efficiency program rebates.
3. Financing requires no money down.
4. Customer financing must be used in conjunction with Atlantic City Electric rebates/incentives.

Atlantic City Electric Energy-efficiency Financing, powered by NEIF, is an equipment secured loan; there is no lien against the property.

To participate in the Atlantic City Electric Energy-efficiency Financing Program, the work must be installed by an approved contractor.

No. Previously installed projects, aka 180-day look-back projects, are not eligible for 0% commercial financing through the Atlantic City Electric program. Customers must apply for/be approved for 0% financing prior to project completion.

If you are interested in financing a previously-installed project, ask NEIF about its market rate financing options (commercialfinance@neifund.org).

Yes, you are required to have your own email address to apply for the financing since the documents are sent to the customer’s email address on the application.  The application must be made directly from you, the customer, to NEIF and cannot be submitted by your contractor on your behalf. 

No, although it is preferred.

For loans larger than $15,000, NEIF or its partner lenders charge a one-time documentation fee, typically between $150 and $275, depending on the partner lender used. 

The applicant may change the contractor up until funding. You will need to notify NEIF when a new NEIF-Approved Contractor is selected, so that an updated estimate can be requested.  The NEIF financing approval given for the previous project would no longer be valid.

Atlantic City Electric’s energy-efficiency finance offerings provide financing from NEIF and from NEIF’s lending partners.  If your loan is provided by one of NEIF’s lending partners, you will be informed and provided the respective contact information.

If your loan is provided by NEIF, contact NEIF at (484) 838-5460 Option #5 or email loanservicing@neifund.org.

Atlantic City Electric’s energy-efficiency finance offerings provide financing from NEIF and from NEIF’s lending partners.  If your loan is provided by one of NEIF’s capital provider partners, payments will typically begin 30 days after the loan has commenced. Please refer to your closing document package for more information on payments.

If your loan is provided by NEIF, statements are sent 20 days prior to the due date. Payments are due on the same day every month.

Atlantic City Electric’s energy-efficiency finance offerings provide financing from NEIF and from NEIF’s lending partners.  You will be informed if your financing is provided by an entity other than NEIF.  For NEIF lending. Payments can be remitted: 

• Over the phone: 888 961 6343 Option #5
• Online at www.neifund.org/pay-online/
• By mail at the below address:
  National Energy Improvement Fund
  PO BOX 9000
  Fort Washington, PA 19034-9000

Yes, you will need to create an online account.  Our website is www.neifund.org/pay-online/. 

NEIF would love to answer them! Please contact NEIF at 888 961 6343.