UPGRADES TO IMPROVE POWER QUALITY


     The Cooperative will make loans to bonafide dairy farms to improve power quality.

Loans will be made for the following:

  1. Replacing or upgrading wiring or other electrical equipment in dairy barns.
  2. Installing an equipotential plane in a new or existing barn.


Terms:
  1. Maximum of loan is $7,500, but no more than 80% of the cost of the project, up to 80% of the capital credit balance of the member.
  2. Repayment period will be up to five years.
  3. Interest will be 5%.
  4. Subject to credit approval.
  5. Taylor Electric will require a lien on member's capital credits held by the Cooperative.
  6. Loan funds will be released upon receipt of electrician's invoice and an affidavit signed by the electrician who performed the work.
  7. Any exceptions need to be approved by the Board of Directors.