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. |
| 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. |
