The project is part of the city's Climate Action Plan the council adopted last year that includes a range of energy reducing goals, including those related to LED retrofit projects. Once installed, the cost savings can amount to a 60% reduction over current maintenance and electricity costs, according to a study by the Bay Area Climate Collaborative.
San Francisco-based Phoenix Electric Company was the low bidder for the light replacement project with its bid of $1,613,404.24. Five other bids were received, ranging up from the Phoenix bid to $3,922,534. The city engineer's estimate for the project was $2.3 million.
LED lighting is brighter, whiter, longer-lasting and energy efficient, proponents claim. Once installed on 5,464 street light posts, the new lights are anticipated to save the city approximately $200,000 in energy costs a year while also reducing greenhouse gas emissions, said Daniel Smith, director of Pleasanton's Operations Services.
Funding for the project will be through a 1% interest rate loan from the California Energy Commission and a one-time conversion incentive rebate of $354,350 from PG&E.
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