UTILITIESAWARDED

Central Regional School District Awards Utilities Contract to Hesp Solar (July 2026)

The Central Regional School District Board of Education awarded a solar power purchase agreement to HESP Solar to provide, finance, and operate a solar energy system for up to 15 years. The district will purchase electricity at an initial rate of $0.025 per kWh with a 2% annual escalator, a rate lower than both current energy costs and the competing bid.

Status
AWARDED
Document date
July 17, 2026
Contract type
UTILITIES
Vendor
Hesp Solar
Agency
Central Regional School District · NJ

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
$0.025/kWh subject to 2% annual escalator
Contract type
UTILITIES
Contract term
Term not to exceed 15 years
Renewal
Initial power purchase agreement term not to exceed 15 years; any renewal or extension beyond this term is not described in the resolution.
Document type
Resolution
Source document
Central Regional School District Resolution Authorizing the Award of a Solar Power Purchase Agreement to HESP Solar 2026-07-17

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the utilities contract by Central Regional School District?

Hesp Solar was awarded this utilities contract by Central Regional School District, as recorded on July 17, 2026. The contract value is $0.025/kWh subject to 2% annual escalator.

How much is the Hesp Solar contract with Central Regional School District worth?

The Hesp Solar contract with Central Regional School District is valued at $0.025/kWh subject to 2% annual escalator, covering utilities work.

What type of contract is this?

This is a Utilities contract, documented as a resolution record.

Where was this contract approved?

This contract appears in Central Regional School District Resolution Authorizing the Award of a Solar Power Purchase Agreement to HESP Solar 2026-07-17 (Resolution), dated July 17, 2026 from Central Regional School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hesp Solar hold?

Hesp Solar may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Hesp Solar's profile

What is Central Regional School District currently buying?

Explore Central Regional School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Central Regional School District's profile

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