Solar panel installation reduces energy costs for The California Institute of Technology, a leading research university in Pasadena, California.  Construction financing for renewable energy system utilized conventional financing, equity and Renewable Energy Tax Credits.

Churchill provided $7.76 million in construction financing for roof mount solar panel arrays on several buildings throughout the campus of one of California’s most respected higher-education institutions.  This project has the capacity to generate a total of 1.18-MW DC effectively, providing the university with green energy while reducing its reliance on the grid, energy costs and its impact on the environment.

Churchill provided construction financing for the development phase of installation.  The project utilized conventional financing, equity and renewable energy tax credits as the exit strategy for the initial construction  financing.