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Loan Assistance Programs

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  1. Community
  2. Loan Assistance Programs

Highline Electric has played an active role in the development of our rural communities.  Through its board and staff, Highline Electric has provided both leadership and financial participation in the economic development and business expansion of our service territory.  Three different loan options, explained below, are available through Highline Electric: Revolving Loan Fund, Rural Economic Development Loan & Grant Program and Rural Energy Savings Program.

 

REVOLVING LOAN FUND (RLF)

through the creation of a Revolving Loan Fund (RLF), Highline Electric is seeking to improve the quality of life in rural areas by helping to leverage projects that create and retain job opportunities for rural residents; that provide technical assistance, education, or medical care to rural businesses or rural residents; that further the use of  advanced telecommunications services and computer networks for medical, educational, and job training services; and that upgrade the public infrastructure to improve the economic potential of rural areas and the health, safety, and medical care of rural residents.

Application and Supporting Documents 

 

RURAL ECONOMIC DEVELOPMENT LOAN & GRANT PROGRAM (REDL&G)

The Rural Economic Development Loan (REDL) and Grant (REDG) programs provide funding to rural projects through local utility organizations.  Under the REDLoan program, USDA provides zero interest loans to local utilities which they, in turn, pass through to local businesses (ultimate recipients) for projects that will create and retain employment in rural areas.  The ultimate recipients repay the lending utility directly.  The utility is responsible for repayment to the Agency.

Under the REDGrant program, USDA provides grant funds to local utility organizations which use the funding to establish revolving loan funds (RLF).  Loans are made from the revolving loan funds to projects that will create or retain rural jobs.  When the revolving loan fund is terminated, the grant is repaid to the Agency.

REDL Fact Sheet

REDG Fact Sheet

 

RURAL ENERGY SAVINGS PROGRAM (RESP)

The Rural Energy Savings Program (RESP) helps rural families and small businesses achieve cost savings by providing loans to qualified consumers to implement durable cost-effective energy efficiency measures.  Find out more about what projects qualify and complete the application here.

Applications can be submitted to:

Highline Electric Association
PO Box 57
Holyoke, CO 80734

OR

info@hea.coop

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Holyoke Office

1300 S Interocean

Holyoke, CO 80734

970-854-2236

Sterling Office

16107 Hwy 14

Sterling, CO 80751

970-522-2650

Ovid Office

100 Main Street

Ovid, CO 80744

970-463-5440

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HOLYOKE OFFICE: 970.854.2236

TOLL FREE: 800.816.2236

EMPLOYEES ONLY

TRANSPARENCY IN COVERAGE

©2023 Highline Electric Association. All Rights Reserved.

  • Home
  • About Us
    • Bylaws
    • Contact Us
    • Cooperative Principles
    • Frequently Asked Questions
    • History
    • Job Opportunities
    • Rules and Regs
    • Service Area
    • Why We Plan Outages
    • About Touchstone Energy
  • Board of Directors
    • Annual Meeting
      • Annual Meeting Minutes
      • Annual Meeting Resources
      • Balance Sheet and Record of Growth
      • Board of Directors Election
      • Voting and Election Policy
    • Board of Directors
    • Board Meetings
  • Member Services
    • Rebate Program
    • Member Satisfaction Survey
    • Acre Feet Calculator
    • Attention Ag Producers
    • Auto Pay Bank Draft Form
    • Billing Procedures
    • Capital Credits
    • ChooseEV
    • Energy Efficiency
    • Grassroots
    • Rates
      • Irrigation Rates
      • Large Commercial and Industrial Rates
      • Residential Rates
      • Small Commercial Rates
    • Oversized Loads
    • Products
      • Electrical Thermal Storage
      • LED Yard Light
      • Marathon Water Heaters
      • Surge Protectors
    • Renewable Energy
    • Touchstone Energy Savings
    • Service Inquiry
  • Community
    • Community Calendar
    • Co-op Connections
    • Co-op Resources
    • Colorado Country Life
    • Dolly Parton's Imagination Library
    • Loan Assistance
    • Safety
      • Safety Quiz
    • Youth
    • Photo Contest
  • Solar Generation
  • Outage Map