Filenews 1 March 2024
The Management Committee of the RES and EE Fund announces the opening of applications for the "Subsidy Scheme to encourage the use of RES and EE in homes 2024-2025", which includes the new Category A3: "Photovoltaics for All".
The Subsidy Scheme was approved by the Council of Ministers on 25/01/2024 and provides for a subsidy for the installation of a photovoltaic system and/or roof thermal insulation in existing residences.
The categories of the Plan concern:
Category A1: Photovoltaics – General Category with sponsorship of €375 per kW and maximum grant amount of €1.500 (4kW) – 50% increase for mountainous areas.
Category A2: PHOTO/ Photovoltaic – Vulnerable Households with a grant of €1.250 per kW and a maximum grant amount of €6.250 (5kW).
Category A3: Photovoltaics For All with a sponsorship of €250 per kW and a maximum grant amount of €1,000 (4kW) and, in addition, an investment repayment of €1,000 per kW with a maximum "repayment amount" of €4,000.
Category B1: Roof Thermal Insulation – General Category with 50% sponsorship and maximum grant amount of €2.500 and/or €25,00 per sq.m. – 50% increase for mountainous areas.
Category B2: Roof Thermal Insulation – Vulnerable Households with 75% sponsorship and maximum grant amount of €3.750 or €37,50 per sq.m.
One of the important innovations of the Scheme is the provision for a one-time bonus amount of €750 in case both types of investments (photovoltaics and roof insulation) are implemented in the same house.
The Plan is co-financed by the RES and EE Fund and the Recovery and Resilience Plan "Cyprus tomorrow".
Applications can only be submitted electronically through the website of the RES and EE Fund. Applications are submitted before the implementation of the investments and can be submitted in Greek or English.
It is considered particularly important that, before completing the application, applicants carefully study the provisions of the Subsidy Scheme, as well as the information provided on the above website.
