Choosing the right financing option depends on your credit history, project scope, and the total amount you wish to finance. Customers with strong credit may qualify for NEIF’s competitive rates, while those needing flexible repayment terms might benefit from GreenSky’s deferred interest plans, like Plan 2601. For PSEG customers upgrading to high-efficiency HVAC systems, the On-Bill Repayment Program offers 0% interest, but it comes with specific terms and conditions. It’s best to discuss your options with your HVAC salesperson to determine the ideal plan for your situation.

Each lender offers unique benefits and terms. GreenSky provides plans like 2833 for extended payments over 120 months or deferred interest plans like 2601, ideal for short-term payoffs. NEIF is credit-based and provides clear loan rates depending on your credit score, with terms ranging from 3 to 10 years. PSEG’s On-Bill Repayment Program is specifically for high-efficiency upgrades and integrates payments into your utility bill at 0% interest but may require more processing time. Comparing these lenders allows you to choose a plan that aligns with your financial goals.

Applying for financing often results in a hard credit inquiry, which may temporarily impact your credit score. However, maintaining on-time payments can improve your credit over time. NEIF and GreenSky use credit scores to determine eligibility, so understanding your current credit standing is essential before applying. PSEG’s On-Bill Repayment Program does not report to credit bureaus but is only available to qualifying customers. It’s always a good idea to consult your HVAC representative for advice before submitting multiple applications.