Hamilton County Schools Agreement District Lighting and FY26 Budget Amendment 2026-05-21
District secures $5M EESI loan for lighting
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Description
Hamilton County Schools authorized a $5 million low-interest loan from the Energy Efficient Schools Initiative to finance most of its district-wide LED lighting upgrade. The 10.5-year financing at up to 1.5% interest is structured so projected energy savings exceed annual debt service, providing positive cash flow.
Contract Details
Contract Amount
$5,000,000 loan proceeds at 1.50% interest (maximum) over 10.5 years, semi-annual payments of approximately $258,227 ($516,454 annually) projected
Vendor
ENERGY EFFICIENT SCHOOLS INITIATIVE (EESI)
Agency
Hamilton County School District, TN
Contract Type
FINANCIAL_SERVICES
Document Date
May 21, 2026
Contract Term
10.5 years at an interest rate bearing no more than 1.5% per annum, semi-annual payments commencing six months after funding
Renewal Info
Fixed-term financing for 10.5 years; no renewal terms described beyond the original amortization period.
More from ENERGY EFFICIENT SCHOOLS INITIATIVE (EESI)
Related Contracts
More from Hamilton County School District
Hamilton County Department of Education Board Meeting Agenda Packet 2026-05-21
Hamilton County Schools Agreement District Lighting and FY26 Budget Amendment 2026-05-21
Hamilton County Department of Education Board Meeting Agenda Packet 2026-05-21
Hamilton County Department of Education Board Meeting Agenda Packet 2026-05-21
Hamilton County Department of Education Board Meeting Agenda Packet 2026-05-21
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