New rebate subsidiary launched

Nature's Miracle Holding has launched a wholly owned subsidiary, NM Rebate Inc., to facilitate their energy rebate financing segment.

"Due to the Inflation Reduction Act, many utility companies offer rebates to commercial customers who upgrade to more energy-efficient lighting, such as LED lights. These rebates can help offset the initial cost of installation and future electric bills. They can also apply to new construction and upgrades and even LED replacements", the company explains.

NM Rebate is a complementary business to Nature's Miracle's core business as a distributor of LED lights to the commercial vertical farming space. Within the structure of the rebate program, the Company partners with financial institutions to provide rebate financing for commercial indoor growers across the country.

James Li, CEO of Nature's Miracle, commented, "We are excited to announce Nature's Miracle will provide our North American commercial vertical farming customers with additional rebate support through the institution of a funded energy rebate division as our owned subsidiary, NM Rebate Inc."