HOP Energy

What HOP Energy does

HOP Energy is a privately held, full-service residential and commercial energy provider serving the Northeastern United States. Founded in 1930 and headquartered in Rye Brook, New York, the company delivers heating oil (#2 ultra-low sulfur diesel), propane, and a full suite of HVAC services (furnace and boiler installation/repair, air conditioning, mini-split heat pumps, water heaters, standby generators, and fuel tank services) to homeowners and commercial/institutional customers across eight states: Connecticut, New York, Delaware, Pennsylvania, Massachusetts, Rhode Island, New Jersey, and Vermont. Operations are executed through a network of 16+ wholly-owned local sub-brands (including Alliance Express, Cernak Fuel, Kosco Heritage, Keyser Energy, Metro Energy, DDLC Energy, DDM Energy, and others) that maintain regional brand identity while operating under a unified corporate structure.

HOP Energy's core technology consists of computer-monitored heating oil usage tracking and automated delivery scheduling based on consumption patterns and weather forecasts, which drives the company's automatic delivery program. The company is also a Certified Pro Elite Provider of Google Nest smart home products and an authorized distributor of Mitsubishi ductless systems, Trane cooling equipment, and Honeywell/Generac standby generators. Service infrastructure is supported by a customer portal (hopenergyonline.com), DocuSign-integrated contract signing, and a fleet of local branches that provide 24/7 emergency service. The company holds BBB accreditation and maintains a 4.4-star Google rating across more than 570 reviews.

The business model blends usage-based revenue (heating oil and propane delivery, priced at variable, fixed, or capped rates per gallon), subscription revenue (annual Heating Protection Plan at $420 and Maintenance Agreement at $149), and professional services revenue (HVAC installation, repair, and maintenance). Acquisition-driven growth is funded in part by a $75 million senior secured credit facility from Great Rock Capital and Mountain Ridge Capital (January 2023), following a $45 million facility from Comvest Credit Partners (November 2019).

Name

HOP Energy

Legal name

HOP Energy LLC

Website

https://hopenergy.com

Company type

Private

Founded year

1930

Operating status

Operating

Headcount range

501–1,000 employees

Short description

HOP Energy is a privately held full-service residential and commercial energy provider founded in 1930, delivering heating oil, propane, and HVAC services across eight Northeastern US states through a network of 16+ locally branded branches.

Ownership category

akta.pro rank

Product category

Residential Heating Fuel Delivery and HVAC Services

NAICS

Steam and Air-Conditioning Supply (221330)

SIC

Steam & Air-Conditioning Supply (4961)

akta.pro primary industry

HVAC & Industrial Ventilation (Chillers, AHUs, Exhaust, Filtration) (EUAEAFAE)

Keywords

• Heating oil delivery
• HVAC services
• Propane delivery
• Home energy services
• Fuel tank services

Headquarters

HQ city

White Plains

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Heating Oil Delivery: Recurring delivery of heating oil to residential and commercial customers through automatic delivery programs and on-demand orders. Revenue generated per gallon with pricing tiers including CAP, Fixed, and Variable price plans.
2. Propane Delivery: Propane gas delivery services for residential and commercial customers in Connecticut, Vermont, and Rhode Island areas. Includes tank installation and maintenance services.
3. HVAC Services: Heating, cooling, and maintenance services including furnace repair/installation, boiler services, AC services, water heater services, mini-splits/heat pumps, standby generators, and fuel tank services. Revenue from service fees and equipment installation.
4. Service Agreements & Protection Plans: Annual maintenance agreements and heating protection plans providing recurring subscription revenue. Examples include Heating Protection Plan at $420/year and Maintenance Agreement at $149/year.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

HOP Energy delivers heating oil (#2 ultra low sulfur diesel) and propane gas to residential and commercial customers across the Northeastern United States through automatic and on-demand delivery programs. The company also provides full HVAC services including installation, repair, and maintenance of furnaces, boilers, air conditioning, water heaters, ductless mini-splits/heat pumps, and standby generators, supplemented by fuel tank services, water softening, and smart home products.

Product overview

HOP Energy is a full-service residential and commercial energy company operating across the Northeastern United States. The core portfolio consists of three main pillars: heating oil delivery (#2 ultra low sulfur diesel), HVAC services (installation, repair, and maintenance of furnaces, boilers, air conditioning, mini-splits, water heaters, and generators), and propane delivery. These are complemented by fuel tank services (installation, removal, inspection, maintenance, leak detection), standby generators (Honeywell and Generac brands), water softening, and Nest smart home products. HOP Energy offers pricing programs including Fixed Price, Capped Price (CAP), and Variable Price plans for heating oil, along with service agreements (Heating Protection Plan, Maintenance Agreement) and financing options. The company operates through 19 local sub-brands (Automatic TLC Energy, CRC Energy, DDLC Energy, Kaufman Fuel, Mercury Energy, Valley Oil, Dominick Fuel, DDM Energy, Alliance Express, Cernak Fuel, Oil Express, Metro Energy, Brinker's Energy, Kosco Heritage, Altemos Energy, Keyser Energy) serving Connecticut, Massachusetts, Delaware, Vermont, New Jersey, Rhode Island, New York, and Pennsylvania. Services are delivered via automatic delivery (computer-monitored usage tracking), on-demand delivery, and 24/7 emergency service.

Differentiator

Problem solved

Functional benefit

Products and services

• Heating Oil Delivery Residential heating oil (#2 ultra low sulfur diesel) delivery service for residential and commercial customers across the Northeastern United States, offered via automatic delivery (computer-monitored usage tracking) or on-demand ordering with daily market or protected pricing.
• Propane Delivery Propane gas delivery service for residential and commercial customers in Connecticut, Vermont, and Rhode Island, including tank installation and maintenance, with automatic delivery using remote weather and usage monitoring.
• HVAC Services Full-service heating, ventilation, and air conditioning installation, repair, and maintenance for residential and commercial customers, including furnaces, boilers, air conditioning systems, water heaters, mini-splits/heat pumps, and 24/7 emergency HVAC service.
• Fuel Tank Services

Quantifiable outcome

• Heating oil burns 300 degrees hotter than natural gas, providing faster and more efficient home heating
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature1 record

Partnerships

Five partnerships are on record, tiered core.

• MitsubishicoreTechnology or IntegrationHOP Energy is an official distributor of Mitsubishi mini-splits and ductless heat pump systems, offering energy-efficient heating and cooling solutions.
• Google NestcoreTechnology or IntegrationHOP Energy is a Certified Pro Elite Provider of Google Nest smart home technology including Learning Thermostats, Nest Protect smoke & CO detectors, and Nest Cam Outdoor cameras.
• HoneywellcoreTechnology or IntegrationPartner for standby generator solutions, providing high-quality Honeywell generators for whole-home backup power.
• GeneraccoreTechnology or IntegrationPartner for standby generator solutions, offering Generac generators with a 15-second power-up promise.
• TranecoreTechnology or IntegrationHVAC equipment partner offering Energy Star certified air conditioning systems and heat pumps.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Ferrellgas Partners: Nationwide propane distributor serving residential, commercial, and agricultural customers; competes with HOP's propane delivery and tank-services offering, with materially greater scale.
• Suburban Propane Partners: National propane distributor with residential service plans and equipment offerings; overlaps with HOP's propane delivery and standby-generator installation business across the Northeast footprint.
• Trane Technologies: Global HVAC equipment manufacturer whose products HOP installs and services; serves as both an equipment supplier and a broad incumbent offering competing residential HVAC solutions in HOP's geography.
• Carrier Global: Major HVAC and building-controls manufacturer with nationwide dealer/installer network — overlapping with HOP's residential HVAC installation and service business as both a supplier partner and competitor for end-customer equipment spend.
• AmeriGas Partners: Largest U.S. retail propane distributor with nationwide tank installation, delivery, and service programs — a much larger incumbent competing with HOP's propane and tank-service lines.
• Star Group (Star Gas Partners): Public parent of Petro Home Services; national residential heating-oil, propane, and HVAC services platform that competes head-to-head with HOP in the Northeast and has greater scale and capital access.

Direct peers

• Petro Home Services: One of the largest residential heating-oil and HVAC service providers in the Northeast U.S., directly overlapping HOP Energy on fuel delivery, equipment installation, and service plans across CT, NY, MA, and PA.
• SmartTouch Energy: Northeast-focused heating-oil and home-energy supplier offering automatic delivery and price-protection programs, competing for the same residential customer base as HOP Energy.
• Eastern Propane & Oil: Regional propane and heating-oil distributor serving the Northeast with residential delivery, equipment service, and budget/fixed pricing plans — a close functional analog to HOP's fuel delivery business.
• Dead River Company: Maine-based full-service provider of heating oil, propane, and HVAC services with a comparable automatic-delivery model and protection-plan offerings in the Northern New England/Northeast market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hop-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries16 records

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HOP Energy