PRESS RELEASE: National Energy Improvement Fund (NEIF) Offers On-Bill Repayment for Jersey Central Power & Light (JCP&L) Customers for 0.00% Energy Efficiency Financing Programs
ALLENTOWN, PA and DENVER, CO, Apr. 8, 2025 — The National Energy Improvement Fund (NEIF), www.neifund.org, is pleased to offer Jersey Central Power & Light (JCP&L) customers a new on-bill repayment structure for its 0.00% energy efficiency financing programs. Customers who make qualifying residential or commercial energy efficiency upgrades can now secure fixed monthly payment financing through NEIF and make loan payments on their JCP&L electric bill.
The on-bill repayment program took effect Jan. 1, 2025. The on-bill program streamlines the repayment process by providing customers the convenience of making monthly loan payments for their energy efficiency projects along with their monthly electric bill.
Residential customers can apply for financing for home improvements that qualify for an approved JCP&L rebate, including heat pumps, central air conditioning, heat pump water heaters and Whole Home Energy Solutions upgrades. While terms vary based on income and type of work, available loans range from $2,500 to $25,000. Learn more about JCP&L Residential Energy Efficiency Program Financing here: www.neifund.org/jcpl-residential.
Commercial customers can apply for financing for building upgrades that qualify for an approved JCP&L rebate, including lighting and controls, HVAC and refrigeration, weatherization or motors, pumps and drives. Commercial projects of up to $250,000 are eligible for 0% financing. Qualifying projects above that amount may be financed at a highly discounted interest rate. Learn more about JCP&L Commercial Energy Efficiency Financing here: www.neifund.org/jcpl-commercial.
All residential and commercial improvements must be installed by a NEIF-Approved Contractor to qualify for financing. Learn more about NEIF’s Approved Contractor network here: www.neifund.org/contractor-directory/.
“We are excited to partner with JCP&L to offer on-bill repayment for the company’s customers. This new offering helps provide affordable financing to both residential and commercial customers, making it easier for them to take control of their energy bills while also improving the comfort of their homes and businesses,” said Matthew H. Brown, NEIF’s Co-Chair and Managing Member.
NEIF continues to be committed to providing financing solutions to home and business owners throughout New Jersey by offering low interest rates, flexible terms and transparent processes. To learn more about JCP&L’s residential and commercial energy efficiency financing programs, visit NEIF’s website here: www.neifund.org/.
About National Energy Improvement Fund, www.neifund.org:
The National Energy Improvement Fund, LLC (NEIF) is the nation’s only Certified B Corp™ lender specializing in improvements that make homes and buildings stronger, healthier, and more energy efficient, provided through a national network of contractors, manufacturers, utilities and governments. Founded as a benefit corporation in 2018, NEIF provides fair and transparent fixed point-of purchase financing for essential energy and electrification improvements like heating, cooling, roofing, insulation, lighting and battery storage. Led by energy financing pioneers Peter Krajsa, Matthew H. Brown and Laura Nelson, the NEIF team has been responsible for over $900 million in financing. NEIF has completed over 24,000 energy upgrades to date. NEIF is supervised and regulated as a consumer lender and servicer in 41 states and operates a commercial financing platform nationally in partnership with utilities, state and local governments, green banks, and other programs. NEIF was named a Home Improvement Expert Partner by the U.S. Department of Energy in 2019.
About Jersey Central Power & Light, www.firstenergycorp.com/jersey_central_power_light.html:
JCP&L serves 1.1 million customers in the counties of Burlington, Essex, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, Union and Warren. Follow JCP&L on X @JCP_L, on Facebook at facebook.com/JCPandL or online at jcp-l.com.
Media Contacts
Peter Krajsa, Co-Chair and Founder pkrajsa@neifund.org
Matthew H. Brown, Co-Chair and Founder mbrown@neifund.org
Laura Nelson, COO and Founding Partner lnelson@neifund.org
