JCP&L Commercial & Industrial Energy Efficiency Program Financing FAQs

The JCP&L Energy Efficiency Programs provide access to low- or no-cost financing to promote easy and cost-effective access to energy efficiency measures by JCP&L customers.

JCP&L has engaged NEIF to offer 0% interest rate financing to JCP&L customers who participate in their energy efficiency programs according to program terms and eligibility. NEIF or their lending partner is the lender and servicer of the loans. JCP&L provides funds to bring interest rates down from market rates to 0% to enable participation in their 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, & 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 to offer for NEIF-Approved contractors. There are no “dealer-fees.”

2. Financing covers 100% of your customer’s project costs, less applicable JCP&L energy efficiency program rebates.

3. Financing requires no money down.

4. Customer financing must be used in conjunction with JCP&L rebates/incentives.

JCP&L Energy Efficiency Financing, powered by NEIF, is an equipment secured loan, there is no lien against the property.

No. Previously installed projects, aka 180-day look back projects, are not eligible for 0% commercial financing through the JCP&L Financing 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).

To participate in the JCP&L Energy Efficiency Financing Program, the work must be installed by an approved contractor.

• Up to 50% contractor pre-funding is available through JCP&L commercial projects approval for NEIF financing. Pre-funding is based on the approved financing amount. 
• Pre-funding must be approved on each project. Approval is at the discretion of NEIF and/or the utility. Additionally, borrowers must agree to pre-funding as part of their closing document package. Contractors are not required to receive pre-funding. 

It’s best to let us know early in the process if you’d like to prefund a project, preferably at the time of NEIF receiving the customer’s credit application. Pre-funding stipulates that the customer commences loan repayment typically 30 days after the first disbursement to the contractor, per the terms of the financing agreement, unless a deferred payment plan has been built in. Change orders are the most easily handled in cash between contractor and customer. If the change order is large enough (greater than $10,000), NEIF may be able to create a new and separate financing agreement with the customer. NEIF will pay the remaining funds upon project completion and utility verification.

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.

No, although it is preferred.

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

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

JCP&L’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, please see below.

If you have any questions, Contact NEIF at (484) 838-5460 Option #5 or email loanservicing@neifund.org

JCP&L’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, please see below.

Statements are sent 20 days prior to the due date. Payments are due on the same day every month.

JCP&L’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, please see below.

• Payments can be remitted over the phone: 888 961 6343 Option #5.

• Online at secure.neifund.org.

• Mail payments remitted to:

National Energy Improvement Fund

PO BOX 9000

Fort Washington, PA 19034-9000

Yes, you will need to create an online account. Our website is secure.neifund.org.

We’d love to answer them! Please contact NEIF at 888 961 6343.