What is rebate factoring and how is it different than project financing? When you finance a project the process can be messy and complicated. First you have to find a bank that will run your credit (personal or business) then they will ask for collateral and then possibly approve you for a pre-determined amount. You will pay this back with interest on top!! When you factor a pre-approved rebate with NRG Pays, we Just assign the approved rebate to NRG Pays and we will send you 70% of the rebate in (3) three days! No credit check, no limit on the amount, and no hassle! Once the rebate is paid out to NRG Pays by the utility company we will send you the remaining 30%. Since the utility company will send the rebate check directly to NRG Pays this means you have NO monthly payment and pay NO interest at all!! Just keep an eye our for your deposit then reinvest it into your next project immediately!! Did you know that banks will NOT factor your rebate for the simple fact that a rebate is not a guaranteed account receivable and the utility company will not guarantee it in writing! So since NRG Pays is comprised of seasoned lighting professional who understand the rebate game, we take the risk for you and will factor all pre-approved utility rebates!! Imagine a world in which you do not have to wait, six, seven, eight and sometimes up to twelve weeks to get a rebate check!