The National Energy Improvement Fund (NEIF), a Certified B Corporation™ lender for energy efficiency improvements to homes and buildings, has purchased RKB Capital’s ownership interest in RBFunding LLC, the operational entity of the RebateBridge™ program. NEIF and RKB founded RBFunding in 2018 and have provided over $360 million in advance funding to implementors and contractors for rebates provided by Con Edison, PECO, PPL, PSE&G, Eversource, LADWP, California TECH Clean, and other utilities and programs.
“Our RebateBridge™ program accelerates cash flow for program implementors and contractors who participate in utility and other rebate programs. The rebate is assigned to us, and we advance funds to our program partners when the project is complete and the rebate is approved, bridging the period between project completion and final rebate funding. With RebateBridge™ fully under the NEIF umbrella we can now access lower cost of capital and streamline operational efficiency for this fast-growing market,” said Matthew H. Brown, NEIF Co-Chair and Managing Member.
NEIF has recently launched several new RebateBridge™ programs for utility programs nationally and is contracted to fund the state of New Mexico’s upcoming electrification rebate program. For more information on RebateBridge™ contact Jensen Handwork, Senior Director – Program Development at jhandwork@neifund.org.
