At $500 apiece the new lamp heads cost $150 more than the old-style lamps, but that was soon recouped. The labour cost of replacing an existing light was about $110.
Mr Penny said the council spent about $500,000 a year on power for street lighting, of which $263,000 was line charges. The council was hoping to discuss reducing those charges with Top Energy.
In less remote areas old-style lamps would be replaced by metal halide lamps, which did not last as long as LED lights but also consumed less power and cost less than $100.
Both the LED and metal halide lamps produced white light while sodium lamps were yellow. Upgrades would take place area by area to avoid mixing white and yellow lights.
It was one of the biggest technology shifts in the Far North of recent years, Mr Penny said, adding that the council was considering enlisting a service club to fix some of the old street lights, which could then be sold to another local authority.
Meanwhile, Mayor Wayne Brown welcomed the money-saving plan.
"There's an idea for a headline: Council has bright idea," he said.