JCP&L Commercial & Industrial Energy Efficiency Program Financing FAQs

JCP&L customers are eligible for 0% financing for energy efficiency upgrades. Program rebates plus financing opportunities can cover up to 100% of project costs. JCP&L has transitioned to a new on-bill repayment (OBR) process for the 0% interest commercial energy efficiency financing. Effective Jan. 1, 2025, customers will now pay back their monthly loan payments with their JCP&L electric bill.

JCP&L has contracted NEIF to offer 0% interest rate financing to JCP&L customers who participate in their commercial and industrial energy efficiency programs, according to program terms and eligibility. NEIF serves as the financing program originator and servicer.

Through JCP&L’s energy efficiency programs, special financing rates of 0% are available to make projects more affordable for customers.

Additionally, NEIF makes financing an integral part of the value proposition for energy efficiency, renewable energy and resiliency projects. We make commercial financing simple, fast and accessible through a fully automated, user-friendly online portal that intakes projects and manages all aspects of the finance process.

When the project is complete, your customer (the borrower) will sign a document or confirm via a phone call to verify that the installation meets their expectations, at which point the funds will be released to you by an automated clearing house (ACH).

Once you are paid (or pre-funded), the borrower will begin repaying the loan via their JCP&L electric bill payment.

There are no prepayment penalties. However, the customer can prepay in full only.  Any extra payments made on their account will go towards their future electricity usage charges.