National Energy Improvement Fund

National Energy Improvement Fund

Financing the Transition to Energy Efficient and Resilient Buildings

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Categories
Energy
Location
Allentown, PA
Offering Date
October 20, 2021
Expected Close Date
October 19, 2022
Target Raise
$10.00K-$2.00M
Security Price
$1,000
Website
neifund.org/

Company Description

The National Energy Improvement Fund (NEIF) provides fixed, guaranteed monthly payment financing programs to help improve the affordability of financing for essential energy and resilience improvements like heating, ventilation, Air-Conditioning (HVAC), roofing, lighting, and battery storage, which make homes and businesses more resilient, efficient, healthy, and comfortable and helps contractors grow their businesses. 

Key Deal Facts

Servicing over $25 million in loans across over 5,000 completed energy efficiency projects, and hosting a contractor network of 1,000 companies as of September 2021 (note, this is an increase from the June 2021 actual Portfolio value shown in Table 3.)
Offering commercial loan programs nationally and residential lending programs in 25 states in the Northeast, Mid-Atlantic, Southeast, Gulf Coast, and California.
Holds administrative program contracts with Efficiency Maine, Xcel Energy, AEP Ohio, Rocky Mountain Power, Eversource. JCP&L, Duke Energy and many others.
Successfully raised over $4.7 million in first stage capital from energy funds and individuals which includes investment by management of over $1.25 million.
In May 2020, acquired and integrated MyStrongHome (MSH), a resiliency-based lending and insurance benefit corporation operating in the Southeast U.S. NEIF maintains exclusive partnerships with manufacturers, distributors, and trade associations to provide financing to their customers and members

Management Team / Advisory Board Bios

Peter J. Krajsa, Co-Chair and Founder
Peter Krajsa, Co-Chair and Founder is a recognized innovator in energy efficiency finance for over two decades. Peter spear-headed the creation of a number of major national energy finance programs as CEO of AFC First Financial Corporation, a specialty residential energy efficiency lender, operating programs nationally with a network of over 6,000 participating contractors. Most recently, he headed national channel business development for the innovative energy lender, Renew Financial, which acquired AFC First in 2015, as part of its national expansion plans.

Matthew H. Brown, Co-Chair and Founder
Matthew Brown, Co-Chair and Founder has worked in the energy finance and policy field for more than 20 years, beginning his work with the accounting and consulting firm of KPMG in New York. He subsequently worked with an environmental, energy and finance consulting firm conducting research on viability of clean coal companies in the late 1980s. He went on to work with the City of New York, where he was in charge of establishing public-private partnerships for the financing of natural gas fueling stations, among other related activities.

Laura Nelson, Chief Operating Officer
Laura Nelson, Chief Operating Officer - has been involved in financial management, operational controls, process improvement and regulatory and investor compliance for over fifteen years. Most recently she was Vice President, Financial Operations for Renew Financial where she was engaged in all financial aspects of unsecured and PACE lending prior to Renew’s acquisition of AFC. First in 2015, she served as AFC’s Chief Financial Officer. As AFC’s CFO, she oversaw all investor reporting to states, utilities and financial institutions as well as managing systems, IT, licensing, accounting and compliance. She was previously Vice President, Corporate Actions Department at Deutsche Bank, and worked in mutual fund accounting at State Street. She holds an MBA from Boston College and a BSBA from Bucknell University.
Amount Raised : $0
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