Grant Scheme to encourage the use of Renewable Energy Sources and Energy Saving in Homes (2024-2025)
Programme Category
Programme Name
Programme Description
The second Policy Axis seeks to make a significant contribution to green transition and environmental sustainability, through the achievement of national targets for climate neutrality, energy efficiency and renewable energy sources. It promotes reforms in the fields of climate and energy, sustainable transport, water resources management and the wider environment.
This axis is also the most important in terms of the overall contribution of the Plan to the climate targets, which reaches 41% of the total budget of the Plan, with actions over €500 million that are diffused in almost all policy areas.
Call
Summary
The Support Scheme is intended to:
- Provide financial incentives to encourage the utilisation of RES and Energy Saving for existing residential buildings that belong to natural persons and to contribute to the confrontation of energy poverty.
- Reduce primary energy consumption.
- Reduce energy costs for consumers and achieve the national renewable and energy efficiency targets.
- Implement actions included in the National Strategy of the Development of Mountain Communities.
Detailed Call Description
The Scheme covers the following categories of investments:
- CATEGORY Α – Installation of Photovoltaic System in an existing residence:
- Α1-General Category
- Α2-Vulnerable household
- Α3-Photovoltaics for All
- CATEGORY B – Roof thermal Insulation in an existing residence:
- Β1- General Category
- Β2- Vulnerable household
Basic Parameters:
• All installations, for All CATEGORIES must be implemented by merchants registered in the “PARTICIPATING TRADERS” list.
• The buildings for which the Application is submitted should be legally used as residences and the electricity bill of the houses should concern a household tariff.
• The Scheme concerns installations in existing residences in which the application for a building permit or town planning permit has been submitted before 01/01/2017 (CATEGORY A) and before 21/12/2007 (CATEGORY B).
• For Categories A1, A2 and A3: The application is submitted by the natural person in whose name the electricity bill is issued.
• For Categories B1 and B2:The APPLICATION is submitted by the natural person who will make the investment (it is NOT required that he/she is the owner of the house or that the electricity bill be issued in his/her name).
• Retroactive effect is not applied. Eligible are investments implemented after 25/01/2024.
Call Total Budget
Financing percentage by EU or other bodies / Level of Subsidy or Loan
The Scheme provides financial incentives in the form of state grants for the following categories of investments:
- CATEGORY Α – Installation of Photovoltaic System in an existing residence:
- Α1-General Category – €375 per installed KW PV with a maximum grant of €1.500 per application
- Α2-Vulnerable household – €1.250 per installed KW PV with a maximum grant of €6.250 per application
- Α3-Photovoltaics for All – €250 per installed KW PV with a maximum grant of €1.000 per application
In addition to the grant, for Category A3, the RES and EC Fund also pays the PARTICIPATING TRADER the remaining amount for the full repayment of the investment, up to an amount of €1.000 per kW.
The “repayment amount” is returned by the Applicant to the RES and EC Fund with bimonthly charges of €150 paid through the PARTICIPATING ELECTRICITY SUPPLIER (e.g. EAC) with a corresponding charge on the electricity bill.
- CATEGORY B – Roof thermal Insulation in an existing residence:
- Β1- General Category- 50% of the eligible costs with a maximum grant of € 2.500 and/or €25,00 per m2 for each application.
- Β2 – Vulnerable household- 75% of the eligible costs with a maximum grant of € 3.750 and/or €37,50 per m2 for each application.
The Scheme provides a one-time bonus of €750 in the event that both types of investments are implemented for the same residence. Applies to Categories A1, A3, B1.
The grant amount per application for CATEGORIES A1 and B1 is increased by 50% for the houses that fall in the mountainous areas, within the framework of the National Strategy for the Development of Mountain Communities.
Thematic Categories
- Energy
Eligibility for Participation
- Natual person / Citizen / Individual
- Other Beneficiaries
Eligibility For Participation Notes
Other
Natural persons permanently residing in Cyprus
Call Opening Date
Call Closing Date
National Contact Point(s)
Energy Service – Ministry of Energy, Commerce and Industry
Management Committee of the Renewable Energy Sources and Energy Conservation Fund: www.resecfund.org.cy
Renewable Energy Sources and Energy Conservation Fund
Helpdesk
Τelephone: 22409350
Email: Contact | (resecfund.org.cy)
Fax: 22606002