NextEnergy Inc.

NextEnergy Inc.

May 17, 2006 10:54 ET

NextEnergy Inc. partners with Homeworks Financing

National geothermal finance program offers homeowners low-cost lending option Attention: Business/Financial Editor, Environment Editor, Energy Editor, Home/Garden Editor, News Editor ELMIRA/ONTARIO/MEDIA RELEASE--(CCNMatthews - May 17, 2006) - NextEnergy Inc. and Homeworks Financing today announced a program designed to offer homeowners a competitive financing option for geothermal installations.

Rapidly growing in demand, geothermal energy has long been recognized as a renewable and clean alternative to conventional energy sources. Unlike fossil fuels, which are piped in from a distant source, geothermal efficiently taps into latent energy stored underground on the home or business site.

"With the recent increased demand for geothermal energy, new financing solutions are necessary to allow the broadest possible access to consumers across the country" said Randal Palach, president of NextEnergy Inc.

NextEnergy and Homeworks began discussions about six months ago on possible financing programs for homeowners interested in switching to geothermal energy. Homeworks can now assist consumers who want to improve home energy efficiency by taking advantage of the lowest consumer lending rate(s) available. Through Homeworks, NextEnergy will be offering this geothermal system financing opportunity across Canada.

This new relationship is a landmark step for expansion of geothermal in the Canadian market. "This is a monumental move for us" said Palach. "Together with Homeworks, we now offer another way to make the installation of geothermal more affordable. New customers can begin saving right away on their energy bills with affordable financing and a clean, renewable geothermal solution."

Homeworks Financing, part of Homeworks Services Inc, provides a national consumer financing solution through dealer networks across Canada. Homeworks Financing is an ethical financing program designed specifically for homeowners investing in their homes. Through this specialization, Homeworks is able to offer some of the most flexible terms and lowest consumer financing interest rates available in the country.

Launched in 1997, Homeworks has helped thousands of Canadian homeowners make their homes energy efficient, comfortable and healthy while reducing carbon dioxide emissions from Homeworks-improved homes by over 50,000 tonnes. Homeworks is in association with the Eaga Group, the global leader in residential energy efficiency and making homes a better place to live.

NextEnergy is the Canadian leader in the marketing and distribution geothermal systems. NextEnergy has its headquarters in Elmira, Ontario.
/For further information: Jade Burke, National Financing Manager
Homeworks Financing
604-697-5706
/ IN: ECONOMY, ENERGY, ENVIRONMENT, TECHNOLOGY

Contact Information

  • Randal Palach, President, NextEnergy Geothermal
    Primary Phone: 519-669-2707
    Toll-Free: 800-367-9810
    E-mail: rpalach@nextenergy.ca