Any borrower who applies for a closed-end home equity loan and uses at least 50% of the loan toward qualifying energy-efficient upgrades paid to a licensed Michigan contractor.

Non-members may apply but will be required to become a member to complete their application.

Eligible upgrades include—but are not limited to—enhancements that improve a home’s energy efficiency. * Including:

• Qualified Energy Audit by a Department of Energy qualified auditor with DOE certification for home energy auditors
• Solar panels and battery storage
• Energy-efficient windows and doors
• HVAC replacement or heat pumps
• Insulation upgrades
• Energy-efficient roofing or cool roofing
• EV charging stations
• Water heaters (tankless or energy-efficient models)
• Smart thermostats (when included as part of a qualifying project)

A complete list of eligible improvements will be provided during the application process.

* Minimum standards apply

Borrowers must provide contractor estimates or invoices showing the project scope and total cost. This documentation must prove that at least 50% of the loan amount is used toward eligible upgrades. This documentation is reviewed before the discount is applied.

No. To qualify for the discount, funds must be paid directly to a licensed contractor. Payments cannot be issued directly to the borrower.

The contractor must be licensed and must be performing eligible energy-efficient upgrades. DIY projects and cash-only, undocumented work do not qualify.

This discount cannot be combined with other rate promotions unless otherwise specified.

If project changes reduce the qualifying portion of the loan below 50%, the rate discount may be removed. If upgrades increase and still meet the requirement, you will continue to qualify.

Green Lending rate discounts apply to closed-end home equity loans that meet standard minimums and maximums $10k minimum loan, $5k minimum qualified project.

No. Eligible only for primary residences.