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elizabethton_city_schools_board_of_education_meeti.pdf

District-Wide LED Lighting Project Proposed to Excel Energy Group

$950,172 (net cost after incentives); Semi-annual payments of $35,822 (total $71,644/year) for 16 years; Initial cost $1,015,760Tennessee College Of Applied Technology-ElizabethtonEXCEL ENERGY GROUP INCJanuary 15, 2026

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Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
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Veritone logo
TerraCycle logo
Cyvl logo
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Description

The Board recommended a district-wide, energy-efficient LED lighting upgrade contract with Excel Energy Group Inc., totaling $950,172 net cost over 16 years, contingent on City Council and grant approvals.

Contract Details

Contract Amount

$950,172 (net cost after incentives); Semi-annual payments of $35,822 (total $71,644/year) for 16 years; Initial cost $1,015,760

Vendor

EXCEL ENERGY GROUP INC

Agency

Tennessee College Of Applied Technology-Elizabethton, TN

Contract Type

CONSTRUCTION

Document Date

January 15, 2026

Contract Term

16 years (financing); length of installation not specified

Renewal Date

2042-01-15

Renewal Info

16-year financing term with guaranteed energy savings. Manufacturer warranties cover LED products for 3–10 years depending on type. District may renew maintenance afterward as needed.

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