Filenews 2 August 2022
The Ministry of Energy, Commerce and Industry announces the commencement of the submission of applications to the Grant Scheme for the installation of a photovoltaic system for charging an electric or hybrid plug-in vehicle. The Plan was announced on April 20, 2022 in order to give the opportunity to interested parties to proceed with the implementation of the corresponding investment. The budget of the Scheme amounts to €1.5 million and is part of the efforts of the Ministry of Energy, Commerce and Industry and the Government in general to promote electromobility and sustainable transport.
In addition to the installation of the photovoltaic system, the Scheme provides the opportunity to the beneficiaries for the purchase and installation of a charger, the conversion of the electrical installation of the house from single-phase to three-phase and the purchase of a battery to store the energy produced by the photovoltaic system. Beneficiaries of the scheme are natural persons who live in a house and are owners of an electric or hybrid plug-in vehicle.
The Scheme has retroactive effect from February 1, 2022 (date of connection of the photovoltaic system) and will remain open until December 20, 2023 or until the available budget is exhausted.
The amount of the grant for the installation or expansion of an existing photovoltaic system amounts to €750 per kW, with a maximum grant amount per vehicle of €1,500.
The optional costs shall be financed as follows:
- Purchase and installation of charger, €600.
- Conversion of the electrical installation of the house from single-phase to three-phase, €450.
- Battery purchase/installation, €750 per kWh, with a maximum grant amount per application of €2,000.
The Sponsorship Scheme is included in the Recovery and Resilience Plan "Cyprus_tomorrow" for the period 2021-2026 and is funded by the EU.
All information about the Plan and access to the application process can be found posted on the website of the RES and ES Fund: www.resecfund.org.cy/ev_charging_2022.
