Solar panel installation reduces energy costs for historic university in Silicon Valley.  Construction financing for renewable energy system arranged by The Churchill Companies utilizing conventional financing, equity and Renewable Energy Tax Credits.

Churchill provided $6 million in construction financing for roof mount solar panel arrays on California’s oldest operating higher-education institution.  This project has the capacity to generate a total of 968-kw hours DC (MW-h) providing green energy in various buildings while reducing the university’s reliance on the grid, energy costs and its impact on the environment.

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