School District Proposes 25-year Solar Power Pact with Coral Reef Partners LLC
Indiana Area SDSchool · Indiana, PA- Disclosed value
- IASD pays $0.086/kWh in Year 1 with a 2% annual rate escalator; total size approx. 1,709,600 kWh/year; termination fee schedule $16,500 - $90,326.02 depending on development stage
- From agreement
- Document date
- Feb 15, 2026
- Renews
- Free account
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THE 30-SECOND BRIEF
Indiana Area School District issued a Letter of Intent to Coral Reef Partners LLC for a planned 1.38 MWDC solar installation at four sites, with a 25-year Power Purchase Agreement and structured site lease. IASD will pay $0.086/kWh in Year 1 with a 2% annual rate increase, and Coral Reef will handle design, build, financing, and ownership of the system. A formal contract remains pending subject to final agreement negotiation, with provisions for cost reimbursement and staged termination fees.
Coral Reef Partners LLC holds this energy contract with Indiana Area SD. Its other public contracts on record include work for Borough of Haledon and Wyoming Area SD.
The renewal date is on record. A free account shows it, with the renewals for every Indiana Area SD contract.
Contract details
- Contract type
- Energy
- Amount
- IASD pays $0.086/kWh in Year 1 with a 2% annual rate escalator; total size approx. 1,709,600 kWh/year; termination fee schedule $16,500 - $90,326.02 depending on development stage
- Document date
- February 15, 2026
- Term
- 25 years (anticipated Power Purchase Agreement); Site Lease: initial 6 years with option to extend 24 more years; Project buyout permitted years 7-12
- Renews
- Free account
- Vendor
- Coral Reef Partners LLC
- Agency
- Indiana Area SD
- Source document
- Indiana Area School District Coral Reef Partners Letter of Intent Feb 2026 (Agreement)
Coral Reef Partners LLC's other public contracts
More Indiana Area SD contracts
Questions about this contract
Who was awarded the energy contract by Indiana Area SD?
Coral Reef Partners LLC was awarded this energy contract by Indiana Area SD, as recorded on February 15, 2026. The contract value is IASD pays $0.086/kWh in Year 1 with a 2% annual rate escalator; total size approx. 1,709,600 kWh/year; termination fee schedule $16,500 - $90,326.02 depending on development stage.
How much is the Coral Reef Partners LLC contract with Indiana Area SD worth?
The Coral Reef Partners LLC contract with Indiana Area SD is valued at IASD pays $0.086/kWh in Year 1 with a 2% annual rate escalator; total size approx. 1,709,600 kWh/year; termination fee schedule $16,500 - $90,326.02 depending on development stage, covering energy work.
What type of contract is this?
This is a Energy contract, documented as a agreement record.
Where was this contract approved?
This contract appears in Indiana Area School District Coral Reef Partners Letter of Intent Feb 2026 (Agreement), dated February 15, 2026 from Indiana Area SD. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Coral Reef Partners LLC hold?
Coral Reef Partners 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.
What is Indiana Area SD currently buying?
Explore Indiana Area SD's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.