Energi Announces New Equipment Financing Program for Higher Efficiency Oil or Propane System Upgrades and Conversions

Company Partners with People’s United Bank on Heating Efficiency Loan Program

PEABODY, Mass.--(BUSINESS WIRE)--Energi, a leader in providing comprehensive insurance programs to the Energy Industry, is pleased to announce the Heating Efficiency Loan Program, a heating system financing program available through People’s United Bank, a premier, community-based, regional bank headquartered in New England. The Program is designed for customers of Energi dealers to upgrade or convert to higher efficiency oil or propane systems. The Heating Efficiency Loan Program is an unsecured personal loan offering the convenience of fixed monthly payments with terms up to 48 months.

“The terms of this financing program are extremely favorable and offer consumers affordable financing with a premier, community-based, regional bank with 170 years of experience and a commitment to our communities in the Northeast”

“Since consumers are being negatively impacted by high energy costs, their interest in energy efficiency improvements is at an all time high. For that reason, it is critical for oil and energy dealers, focused on customer retention, to provide methods through which consumers can manage their energy spending,” said Brian McCarthy, CEO of Energi.

Energi saw the demand for energy efficiency upgrades throughout the Northeast region and decided to partner with People’s United Bank to offer the Heating Efficiency Loan Program. The Program is designed to facilitate the financing of new equipment for dealers’ end customers increasing the value and breadth of services dealers can deliver. Benefits of the Heating Efficiency Loan Program include increased revenues, stabilization of customer attrition and increased profitability to the dealers.

“The terms of this financing program are extremely favorable and offer consumers affordable financing with a premier, community-based, regional bank with 170 years of experience and a commitment to our communities in the Northeast,” said Wayne Walker, senior vice president of residential and consumer lending for People’s United Bank.

Energi has formally launched a website that contains relevant information and marketing material for the program. For more details about the Heating Efficiency Loan Program and information about how to participate, please visit www.efficiencyloan.com.

About People's United Bank

People's United Bank is a subsidiary of People's United Financial, Inc., a diversified financial services company with $28 billion in assets. People’s United Bank, founded in 1842, is a premier, community-based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services through a network of 416 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.

About Energi

Energi is a Peabody, Massachusetts based industrial reinsurance company that provides specialized insurance and risk management products to targeted market segments of the North American energy industry. The core programs include fuel distribution, fuel transport and energy construction. Energi also has products that deliver protections for alternative energy and energy efficiency projects. Founded in 2005 by insurance professionals and energy industry leaders, Energi is licensed in all 50 states. For more information, visit www.energi.com.