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Path presents $2.3M LED street-light conversion; staff to return cost and financing options
Summary
Representatives from Path briefed the Public Works Committee on a proposed $2.3 million LED street-light conversion, projected annual savings of about $152,006, TBA incentives near $150,000 and a 15-year payback; the committee asked staff to return combined NES/Path cost estimates and park add-on pricing within 30 days.
Representatives from Path, an energy services company, presented a proposal April 22 to convert Hendersonville’s street-light system to LED at an estimated turnkey cost of about $2.3 million, including NES buyout charges. Path said recent projects in other jurisdictions have produced larger-than-expected savings and that incentives from TVA (referred to in the presentation as TBA) could total roughly $150,000 for Hendersonville.
Path representative William Hackton described the proposal as a turnkey package that includes the…
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