Lead paragraph
Accessible financing, which does not rely on credit worthiness, is essential to ensure that all community members, particularly frontline community members, can purchase new equipment while managing the higher capital costs associated with electrification purchases.
Longmont Power & Communications has introduced the idea of a shared on-bill repayment offering to Platte River Power Authority and the other owner communities. The partnership is reviewing the methodology and impacts of Tri-State Generation's program to determine whether something similar could work in this jurisdiction. The key element to a program, either through Platte River or independently in Longmont, is seed funding or a financing mechanism. There may be legislation in 2026 at the state level that could support these types of programs.