What you need to know
New «I’m saving up» with horizontal targeting, in which the unallocated funds from specialized programs of functional, energy upgrading of buildings that “ran” in the previous period will also be transferred are planned by the Ministries of Environment-Energy and National Economy, after the approval of the revised Recovery Plan which is the main source of funding for the relevant investments.
With the revision of the Plan, the energy efficiency programs for households, businesses and the State and the energy storage systems from RES are financially strengthened, among other things.
According to the EU approval decision, the investments to be financed in the field of energy efficiency include five different sub-programmes, which are:
i) the energy renovation of residential buildings through the provision of subsidies (scalable investments)
ii) the energy renovation of non-residential public and private buildings through the provision of subsidies and low-interest loans (upgraded investments).
iii) the increase of photovoltaic systems for self-consumption in residential buildings and in the agricultural sector through the provision of subsidies;
(iv) the promotion of renewable energy sources in residential buildings through funding for the installation of new renewable energy systems for the production of hot water – and
(v) the improvement of energy efficiency in the municipal water supply and sewage companies by replacing the existing electromechanical equipment in the wells with new and more energy efficient ones.
Unallocated balances from the “Save – Renovate for young people” program will also be channeled into the funds of the new “Save” in which 6,679 applications were submitted for a budget of 88,029,982 euros against available funds of 300 million. It is noted that of the 6,679 applications, 3,836 also related to the renovations part, as through the program (which, it should be recalled, closed on November 15) the possibility was provided comprehensive upgrading of houses (energy – functional – aesthetics).
In the meantime, by the end of the year, as reported by the Athens News Agency, an announcement is expected for the “Renovate – Rent” program, which subsidizes the repair of houses in order to make them available for rent. Owners or usufructuary properties for a property of theirs with residential use can participate in the program, provided that:
a) own or usufruct the property by a percentage that exceeds fifty percent (50%),
b) the property has an area of up to one hundred (100) square meters (sq.m) and is located in a residential area,
c) have an annual family taxable income, real or presumed, that does not exceed 40,000 euros and have real estate, the total value of which is up to 300,000 euros,
d) the property has not been declared as a first residence, has not been declared as leased and is declared as vacant on the E2 form accompanying the income tax return of the last three years, and
e) beneficiaries have not received a subsidy for an energy saving or renovation program in their property in the last five years and have not joined subsidized energy saving programs for any of their properties.
Participants in the “Renovate – Rent” program are subsidized for the repair and renovation costs of their property, amounting to up to 10,000 euros, which include the required materials and work. The subsidy amounts to forty percent (40%) of the costs and is granted under the following conditions:
a) the relevant invoices are paid electronically,
b) after the renovation, they proceed to lease the property with a duration of at least three years.
The total budget of the “Renovate – Rent” program is 50,000,000 euros.
