Alpine Bank's EV Loans

Alpine Bank's Green Loans 

We spoke with Susan Graf, vice pres­i­dent of Region­al Busi­ness Devel­op­ment for Alpine Bank, an employ­ee-owned com­mu­ni­ty bank in Col­orado. Alpine Bank cares about the com­mu­ni­ties it serves and wants each com­mu­ni­ty to be suc­cess­ful and healthy. That’s why the Green Team was formed in 2003, aim­ing to improve the bank’s envi­ron­men­tal prac­tices and pro­vid­ing cus­tomers with more oppor­tu­ni­ties to live a sus­tain­able lifestyle. Some ini­tia­tives include encour­ag­ing peo­ple to do paper­less billing and using a mobile/online bank­ing account, and edu­cat­ing cus­tomers about sus­tain­abil­i­ty. One facet of this includes elec­tric vehicles.

Through Alpine Bank, cus­tomers can get help financ­ing an elec­tric vehi­cle or a Lev­el 2 charg­er. Alpine Bank will take off half a per­cent of the loan inter­est rate for qual­i­fied appli­cants inter­est­ed in a used or new elec­tric vehi­cle. In addi­tion, dis­count­ed home equi­ty loans are avail­able for any ener­gy effi­cien­cy project, such as pur­chas­ing or installing home charg­ing sta­tions. To apply, con­tact any of their branch­es and get infor­ma­tion tai­lored to you based on your needs and what type of vehi­cle you’re look­ing for. 

Alpine Bank has also installed two pub­lic 2‑port Lev­el 2 charg­ers at their loca­tions in Steam­boat Springs and Grand Junc­tion and one 1‑port Lev­el 2 charg­er in Boul­der with one addi­tion­al 2‑port Lev­el 2 charg­er instal­la­tion pend­ing at the bank’s head­quar­ters in Glen­wood Springs. If you already own an elec­tric vehi­cle, you can charge here for free, whether you’re a cus­tomer or not! Susan empha­sized the impor­tance of want­i­ng peo­ple to be more aware of EV charg­ing infra­struc­ture through­out the state, and these charg­ing sta­tions are def­i­nite­ly great steps toward mak­ing EV charg­ing more acces­si­ble through­out Colorado. 

Susan also empha­sized that it mat­ters where you bank. A huge ben­e­fit of using a com­mu­ni­ty bank is know­ing that your mon­ey is being kept in the com­mu­ni­ty, not being out­sourced to fund projects like fos­sil fuel extrac­tion, a com­mon prac­tice by big banks. Alpine Bank uses munic­i­pal bonds and main street loans to keep their mon­ey local, and Susan urged con­sumers to ask their banks where their mon­ey is being held.

Alpine Bank is inter­est­ed in help­ing you finance an elec­tric vehi­cle or invest in charg­ing infra­struc­ture! Find the near­est loca­tion to you and get your green loan  today.