Scotty Caroom, president and chief executive officer of Nashville-based EXCEL Energy Group, at podium, addresses the School Board Monday about potentially having the entire school system switch over to an LED (light-emitting diode) lighting system, replacing the fluorescent system now in place.
The Franklin County School Board fielded input Monday from an energy company that has proposed the school system could switch over to a full LED (light-emitting diode) lighting system in all buildings except North and South middle schools that are in line to be replaced or upgraded.
Scotty Caroom, president and chief executive officer of Nashville-based EXCEL Energy Group, told the board that it could get funding through a low-interest loan from the state at a 1 percent interest rate because of the change to more energy efficient lighting.
He added that the LED system would have a life span up to three times longer than the current lights — up to 25 years — and the school system could roll an existing loan into the state loan package and avoid having to make a $74,000 payment on the current fluorescent system that is due in April 2018.
Caroom said the school system would be saving enough to pay for the upgrade in energy and equipment savings. He said Tennessee Valley Authority would provide $30,000 in financial incentives, and $813,000 could be borrowed through the State of Tennessee’s Energy Efficient School Initiative to pay for the project.
School Board Chair CleiJo Walker said board could consider the proposal when it meets again at its Dec. 11 meeting.
Caroom said the project would have to be approved by the Franklin County Commission. He added that in the 1,600 school systems where his company has upgraded lighting, there has been no problem getting approval because the cost of the project pays for itself in energy savings.
See Friday’s Herald Chronicle print edition for more school system details.