District-Wide LED Lighting Project Proposed to Excel Energy Group
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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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Issuing Agency
Higher Ed
Elizabethton, TN
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