On-bill repayment

Financing for an efficiency project that is repaid through the utility bill. In New Jersey, PSE&G and JCP&L offer 0% on-bill repayment for qualifying projects. Con Edison's financing is partner-bank financing arranged after an incentive award letter, not repayment on the utility bill.

In plain language: The project shows up as a line on the bill instead of a loan statement.

Jurisdiction: New Jersey utilities offer it; Con Edison does not.