What Boyd Electric does

Boyd Electric, Inc. is a privately held Illinois corporation founded in 1990 by Jim Boyd and headquartered in Palos Hills, Illinois. The firm operates as a specialty electrical contractor and energy-efficiency solutions provider, delivering commercial and industrial electrical construction, maintenance, LED lighting retrofits, programmable thermostat and HVAC optimization systems, energy audits, and utility-rebate navigation services. Its primary customer base spans hospitality (Four Seasons, JW Marriott, Westin, Waldorf Astoria, Intercontinental, Drake, Marriott, Hyatt), healthcare (Mercy Hospital & Medical Center), government (FBI/GSA Federal Garage), auto retail (Napleton KIA), and municipal and commercial accounts nationwide.

The company's technology stack centers on a proprietary real-time power consumption analysis software system paired with programmable thermostats and controllers that compare energy consumption across occupancy states to optimize HVAC runtime. It also distributes LED lighting products sourced through manufacturer relationships established in China in 2009 and now built domestically. Supporting services include comprehensive energy audits (utility-bill review, facility walk-through, and actionable proposals) and a Shared Savings Program that finances up to 100% of project costs with customer payments tied to realized energy savings across multi-year contracts.

Revenue is generated through professional services (electrical contracting and consulting), hardware sales (LED products and installation), and managed services (the Shared Savings Program). The firm holds active Illinois Commerce Commission Energy Efficiency Provider status and is associated with ComEd Energy Efficiency Programs, enabling it to channel utility rebates ranging from $21,830 to over $72,000 per project to clients. Pricing is custom quote-based with no published tiers; reported project economics show 28% HVAC runtime reductions, up to 60% lighting expense reductions, and payback periods typically under three years.

Name

Boyd Electric

Legal name

Boyd Electric, Inc.

Website

https://boydelectric.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

Boyd Electric is a privately held Illinois electrical contractor founded in 1990 that delivers commercial and industrial electrical construction, LED lighting retrofits, HVAC optimization, and utility rebate navigation to hospitality, healthcare, government, and commercial clients nationwide.

Ownership category

akta.pro rank

Product category

Electrical Contracting Services

SIC

Electric Lighting & Wiring Equipment (3640), Electrical Industrial Apparatus (3620)

akta.pro primary industry

Electrical Contracting & Wiring (IMAFALAA)

akta.pro secondary industries

Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging) (IMAFALAJ), Generator Installation & Transfer Switches (Standby/Portable Interlock) (HSAOADAF)

Keywords

• Electrical contracting services
• LED lighting retrofits
• Energy efficiency programs
• Commercial electrical services
• Energy audit consulting

Headquarters

HQ city

Palos Hills

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales

Revenue model

1. Electrical Contracting Services: Full-service electrical construction and maintenance including installation of standby generators, complete commercial/industrial lighting installation, control wiring, primary power design, motor controls, transformers, and power quality monitoring with infrared imaging.
2. LED Lighting Products and Installation: Sale and installation of energy-efficient LED lighting products for retrofitting existing facilities with environmentally-friendly LED bulbs and fixtures.
3. Shared Savings Program: No capital outlay financing program where customer payments are based on an agreed share of realized energy savings. After balance is paid off, customer owns equipment and retains all energy savings.
4. Energy Efficiency Consulting and Rebate Navigation: Services navigating utility company programs (ComEd Energy Efficiency Programs) to help clients access rebates and incentives designed to make lighting upgrades affordable and cost-saving.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Boyd Electric is an electrical contracting firm founded in 1990 and headquartered in Palos Hills, IL, providing commercial and industrial electrical services with a specialization in LED lighting retrofits, energy audits, programmable thermostat installation, and real-time power consumption monitoring. The company delivers turnkey energy efficiency solutions—including shared savings programs and rebate navigation in partnership with utility programs such as ComEd Energy Efficiency Programs—across hospitality, healthcare, government, retail, education, and data center facilities.

Product overview

Boyd Electric, Inc. is an electrical contracting company offering a unified portfolio of energy-efficient solutions centered on LED lighting retrofits and electrical services. The core product offering consists of LED Lighting Products (direct replacement fixtures, bulbs, and lamps), paired with a proprietary Real-Time Power Consumption Software System and Programmable Thermostats and Controllers for HVAC optimization. Supporting services include Energy Audits (facility assessment and consumption analysis), Electrical Contracting Services (installation and maintenance), and a Shared Savings Program (100% financing through energy savings). The company also provides expertise in navigating utility rebates and tax incentives to maximize client savings.

Differentiator

Problem solved

Functional benefit

Products and services

• LED Lighting Retrofits

Quantifiable outcome

• Up to 60% reduction in lighting expenses
• +6 more outcomes

Named customers15 records

Segments8 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• ComEd Energy Efficiency ProgramscoreStrategic or Co-development PartnerAssociation with ComEd Energy Efficiency Programs enables Boyd Electric to provide clients access to utility rebate programs specifically designed to make lighting upgrades affordable and cost-saving. This partnership is a key component of their value proposition and shared savings model.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Orion Energy Systems: Orion Energy Systems designs, manufactures, and installs commercial LED lighting and energy management retrofits — a comparable LED retrofit specialist, though more vertically integrated into product manufacturing than Boyd's service-led model.
• IES Holdings: IES Holdings (NASDAQ: IESC) is a publicly-traded electrical and communications contractor delivering commercial, industrial, and residential electrical services — a directly comparable electrical contracting peer, just at significantly larger scale than Boyd.
• Willdan Group: Willdan Group (NASDAQ: WLDN) provides energy efficiency, engineering, and consulting services to utilities and municipalities — closely aligned with Boyd's utility program navigation and rebate-driven go-to-market. The former Lime Energy subsidiary operated a near-identical retrofit/LED program model.
• Ameresco: Ameresco (NYSE: AMRC) provides energy efficiency and renewable energy services, including a shared-savings / energy services company (ESCO) model very similar to Boyd's Shared Savings Program. Both target enterprise/government customers with funded, savings-backed energy projects.
• Gaylor Electric: Gaylor Electric is a privately held, full-service electrical contractor serving commercial, industrial, and institutional clients across multiple U.S. regions — a good direct comp to Boyd Electric in scope of services and customer mix.
• McKinstry: McKinstry provides full-service design, construction, and energy services including electrical contracting and energy retrofits for commercial, healthcare, and government clients. Comparable in integrated energy service offering and customer verticals.
• Faith Technologies: Faith Technologies is a national electrical contractor and energy solutions provider with offices across the U.S., offering commercial/industrial electrical contracting and energy efficiency services — directly mirroring Boyd Electric's integrated contracting + LED retrofit model, only at much larger scale.

Broad incumbents

• Quanta Services: Quanta Services (NYSE: PWR) provides infrastructure construction for electric, gas, telecom, and renewable energy — overlapping with Boyd's electrical contracting services and renewable energy efficiency work at massive scale.
• EMCOR Group: EMCOR Group (NYSE: EME) is one of the largest electrical contracting and energy services firms in the U.S. — a broad incumbent operating across Boyd's space but at far greater scale, with diversified services far beyond energy retrofits.

Emerging players

• Energy Focus: Energy Focus develops and supplies LED lighting and energy-efficient lighting technologies for commercial, industrial, and military markets. Overlaps with Boyd's LED product offering, though more on the component/supplier side than the installer side.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/boyd-electric

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Boyd Electric