Hamilton County Department of Education Board Meeting Agenda Packet 2026-05-21
Revised District LED Lighting Deal with Excel Approved
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Description
The board approved a revised district-wide LED lighting agreement with Excel Energy Group, increasing the project cost to $6,208,288 after expanding the scope to additional buildings. The project will be funded by a $5 million EESI loan plus bond proceeds and TVA incentives, with Excel guaranteeing energy and maintenance savings.
Contract Details
Contract Amount
$6,208,288
Vendor
EXCEL ENERGY GROUP
Agency
Hamilton County School District, TN
Contract Type
ENERGY
Document Date
May 21, 2026
Contract Term
Lighting equipment warranted up to 10 years for many components; EESI financing over 10.5 years at 1.50% with semi-annual payments
Renewal Info
Existing energy performance agreement is amended to expand scope and cost; EESI financing structured over 10.5 years with semi-annual payments, and Excel provides multi-year product warranties and a performance guarantee.
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