Overview
There has been a surge of solar energy implementation across the United States – leading the charge are major educational institutions like Oberlin College, the University of Florida, Texas A&M University, and the University of Maryland. The opportunities in solar are exponential, fueled by lower costs, government incentives, and a wealth of economic, environmental and social benefits. Universities and academic institutions are uniquely positioned to harness the power of solar energy for several reasons.
- Ideal Infrastructure: With expansive, flat roofs, school buildings are naturally a good fit for solar panel installation. Utilizing this space not only maximizes energy efficiency but also leaves a lasting impression on current and prospective students, as well as the surrounding community.
- Financial Stability: Long-term cost savings from solar can significantly bolster the financial health of an academic institution, paving the way for a sustainable future.
- Enhanced Learning Experiences: Implementing solar provides students with hands-on learning opportunities. For example, Cedarville University in Ohio has engaged students in monitoring energy consumption and costs, turning them into active participants in the green energy revolution.
- Leadership in Sustainability: By adopting solar energy, schools, colleges, and universities can showcase their commitment to energy efficiency, sustainability, and environmental stewardship, all while actively reducing their carbon footprint.
Our firm is here to support you in every aspect of your solar energy development projects. We will help you secure financing and benefit from the tax credits available to maximize your investment in renewable energy and drive down costs.
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- Represented a non-profit, private college in structuring a pre-paid power purchase agreement and in all aspects of the 2.2MW solar photovoltaic project, including negotiating and documenting the project site lease, bridge loan financing, security interests, and interconnection agreement, and reviewing the EPC contract and operation and maintenance contract. This was the largest photovoltaic array on any college or university campus in Ohio.
- Represented an institution of higher education in all aspects of its $35 million rehabilitation and modernization of a historic building, including development agreements, construction documents, commercial debt financing, obtaining and syndicating federal and state historic rehabilitation tax credits, and new markets tax credits, applying for and complying with the requirements of state and federal grants and subsidies and, assisting with capital campaign activities.
- Represented a non-profit, private college in delivering a 1.2MW wind project.
- Served as general counsel to a non-profit developer of an off shore wind project.
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