FINANCIAL_SERVICESPENDING

District Offered Optional Solar Tax Credit Financing

Independent School District No. 698 may elect optional financing from Ideal Energies, LLC for up to $298,910.00 to bridge the federal elective payment associated with its solar project. The seller-financed advance would bear 6% interest and be repaid upon receipt of the federal payment or within 24 months of Substantial Completion.

Status
PENDING
Document date
June 26, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Ideal Energies Llc
Agency
Floodwood Public School District · MN

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

Scope & details

The full contract record, as filed.

Contract amount
Principal advance of $298,910.00 at 6% annual interest
Contract type
FINANCIAL_SERVICES
Contract term
Repayment due the earlier of within 10 days after receipt of the federal elective payment or 24 months following the Substantial Completion Date
Renewal
Future separate Financing Agreement, if executed, would be a one-time non‑revolving advance with no renewal; repayment deadline is the earlier of federal elective payment receipt or 24 months after Substantial Completion.
Document type
Contract
Source document
Independent School District No. 698 - Floodwood School District Contract Solar Array Purchase, LNTP, Facility Lease & Power Purchase Agreements 2026-06-26

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Floodwood Public School District?

Ideal Energies Llc was awarded this financial services contract by Floodwood Public School District, as recorded on June 26, 2026. The contract value is Principal advance of $298,910.00 at 6% annual interest.

How much is the Ideal Energies Llc contract with Floodwood Public School District worth?

The Ideal Energies Llc contract with Floodwood Public School District is valued at Principal advance of $298,910.00 at 6% annual interest, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a contract record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Independent School District No. 698 - Floodwood School District Contract Solar Array Purchase, LNTP, Facility Lease & Power Purchase Agreements 2026-06-26 (Contract), dated June 26, 2026 from Floodwood Public School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ideal Energies Llc hold?

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

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What is Floodwood Public School District currently buying?

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

View Floodwood Public School District's profile

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