The Energy Committee met last night, and Fred Davis circulated an updated analysis of the savings from buying our streetlights from Eversource and installing LED streetlights. Eversource has now set the price for the town to buy the streetlights at $1.00, due to the streetlights having been depreciated over time – we have probably paid a good price for them already in the annual $41K/year current cost.
The new analysis included
- that buy out price,
- a calculation correction, and
- the now known annual maintenance cost.
Yearly savings with the LED streetlights are $34,740 and the pay back period is 2.6 years for the $104K cost – plus we get better lighting. I am hoping that Mike can get this done ASAP.
Medfield02052's Blog 