Commercial Real Estate & Renewable Energy Finance
Your Subtitle text
Renewable Energy Closings - The Diocese San Jose

Diocese of San Jose

San Jose, CA
Campbell, CA

890.4 kW DC; Electric Power Generation
Solar Rooftops & Ground Mounts
$6,100,000

Churchill provided construction, permanent and tax credit equity financing for solar installations at The Diocese of San Jose in various locations throughout San Jose, Campbell and Palo Alto, California.   



Churchill provided $6,100,000 in construction financing for solar panel arrays on five grade schools and a cemetery.  This installation included both roof mount and ground mount panels and has the capacity to generate a total of 890.400 kilowatt hours to  reduce the Diocese's energy costs and impact on the environment.

 

In addition to construction financing, Churchill arranged conventional financing and renewable energy tax credits as the exit strategy to the construction financing.  This financing program offers reduced utility costs by purchasing electricity generated by the renewable solar energy system.



----------------------------------------------------------------------------------------------------------------------------------