### Question
Can you define what on-bill financing means?


### Answer
**On-bill financing** is defined as the following in *15 U.S.C. § 657h*:

> a low interest or no interest financing agreement between a small business concern and an electric utility for the purchase or installation of equipment, under which the regularly scheduled payment of that small business concern to that electric utility is not reduced by the amount of the reduction in cost attributable to the new equipment and that amount is credited to the electric utility, until the cost of the purchase or installation is repaid

#### Citation:
  - *15 U.S.C. § 657h*
  - Heading: **CHAPTER 14A-AID TO SMALL BUSINESS**

