Save green with a HELOC Energy Efficiency Discount

Save over 0.50%1,2,3 on a Home Equity Line of Credit (HELOC) when you use part of it to buy solar panels or other energy efficient products. It’s a great opportunity to improve your home’s energy efficiency while saving money. And you can still use your HELOC for other home improvements, too.


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Download Important Terms of Bank of the West Home Equity Line of Credit (PDF)

Now is the time to save on a HELOC

Enjoy over 0.50% off our standard HELOC interest rates when you use a portion to finance eligible renewable energy improvements for your home and make monthly automatic payments from a Bank of the West checking or savings account. Details include:

  • 0.25% off1 if you finance new solar energy equipment or energy efficient products such as a new HVAC system, insulation, roofs, windows, doors, and more, plus
  • 0.20% off2 with an initial draw of $20,000
  • 0.125% off3 for automatic payments from a qualifying Bank of the West checking or savings account
  • No closing costs or origination fees
  • Lines of credit up to $2,000,000
  • View recently expanded offer details and disclosures below

Go green today. Contact us or apply online.

Three great discounts add up to fantastic savings

0.25% off for energy improvements

Use your HELOC to finance your solar and energy efficiency projects.

0.20% off with a $20,000 initial draw

Discount of 0.10% for every $10,000 you borrow.

0.125% off with automatic payments

Make automatic payments from a Bank of the West checking or savings account.

For more than 0.50% off your HELOC interest rate

When going green means saving serious green.

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We support Real Change

We’re focusing on financing energy projects designed to help reduce carbon footprint and diversify energy sources. Learn more

Check out our checking accounts

Save when you set up automatic payments from a Bank of the West checking or savings account. Find a checking account

Legal information and Disclosures

Home Equity Lines of Credit (HELOCs) are subject to credit qualification and collateral valuation. Fees, conditions and restrictions apply. Evidence of adequate property insurance required. Product details can be found in our Important Terms Brochure. Rate and offer subject to change without notice.

All HELOCs feature a 10-year variable rate draw period requiring a monthly interest-only payment subject to a $100 minimum. Annual Percentage Rate (APR) during the draw period may change as often as monthly. The draw period is followed by a fixed-rate fully-amortizing repayment period of 120, 180 or 240 months, depending on the balance at the end of the draw period. APR during the repayment period will be fixed, based on the Prime Rate in effect at the end of the draw period, plus a margin and other factors. The APR will not exceed 18.00% (13.00% APR in Oklahoma) and will not go below 3.00%. Fees: an annual fee up to $75 applies subject to state law limitations; a fee of $100 may apply each time a Fixed Rate Loan Option is elected or reversed. Fees may be waived for customers with certain account relationships. Ask a Bank of the West representative for details.

The Annual Percentage Rate (APR) for a HELOC during the draw period is variable based on the Prime Rate in effect as published in The Wall Street Journal, plus a margin, per the terms of the credit agreement. The Prime Rate as of March 16, 2020 is 3.25%. Margins as of April 2, 2020 range from -0.635% to 4.625%, with corresponding APRs ranging from 3.000% to 7.875% for lines of credit between $15,000 and $2,000,000 and are subject to change at any time. APR will depend on factors including property value and occupancy status, creditworthiness, existing debt against the property, approved line of credit amount, and your account relationships with Bank of the West.

1 The HELOC Energy Efficiency Discount may not be combined with some additional offers and is subject to change at any time. Discount is 0.25% off standard rate sheet pricing. Applicants must intend to use a draw on the HELOC to finance an eligible improvement in order to qualify for the discount. Applicants must provide—no less than 10 days prior to account opening–a written estimate satisfactory to Bank of the West from a licensed contractor for the purchase and installation of an eligible energy efficiency product. (See below to view our complete list.) The written estimate must be dated no earlier than 60 days prior to account opening and not expire until at least 5 days after account opening. Bank of the West reserves the right to verify the written estimate, the validity of the renewable energy improvement, and may request written certification of the applicant's intentions.
Eligible Energy Efficiency Products: Solar energy panels, solar water heaters, fuel cells using renewable fuels, wind (small) turbines, geothermal heat pumps, solar photovoltaics, new HVAC systems, tankless water heaters, energy efficient insulation (including home siding), roofs (metal & asphalt), windows, doors and skylights. Contact us to learn more. Eligible energy efficiency product list is current as of April 2, 2020 and is subject to change at any time.

2A balance-based discount off our margin of 0.10% for every $10,000 drawn up to a maximum of 1.00% (for advances of $100,000 or more) is available for new Bank of the West HELOC customers with an initial advance of least $10,000 taken on the date of HELOC opening (subject to the credit limit and a rescission period, if applicable). The amount advanced at HELOC opening will determine the margin for the entirety of the 10-year draw period. An initial advance amount of less than $10,000 is not eligible for this promotion.

3Automatic payment discount of 0.125% off the standard rate requires applicants to establish automatic monthly payments from their new or existing Bank of the West personal checking or savings account. The discount may be reversed and your rate and payments may increase if automatic payments are discontinued for any reason. All terms and conditions applicable to the checking or savings account apply, including fees and minimum opening deposits. Additional benefits may be available for eligible customers of Bank of the West and its affiliates (ask us for details).