Renewable energy policy database and support: single

Subsidy II (combined with loan- “Energy Saving at Home II”)

Author: Georgios Maroulis

The Programme “Energy Saving at Home II” aims at improving the energy performance of residential buildings through the provision of interest-free loans and subsidies for the installation of RES plants and energy-saving measures. The total budget of the programme is € 292.43 million. The programme will be open until the funds are exhausted.

Eligible technologies

Eligible measures are the installation of an RES-H plant or the replacement of an existing conventional plant with an RES-H plant (ch. 3 par. 3 “Energy Saving at Home II” Programme Implementation Guide).

Aerothermal energy	Eligible (ch. 3 Par. 3 “Energy Saving at Home II” Programme Implementation Guide)
Hydro-power	Eligible (ch. 3 Par. 3 “Energy Saving at Home II” Programme Implementation Guide)
Biogas	Eligible (ch. 3 Par. 3 “Energy Saving at Home II” Programme Implementation Guide)
Biomass	Eligible (ch. 3 Par. 3 “Energy Saving at Home II” Programme Implementation Guide)
Geothermal energy	Eligible (ch. 3 Par. 3 “Energy Saving at Home II” Programme Implementation Guide)
Solar thermal energy	Eligible (ch. 3 Par. 3 “Energy Saving at Home II” Programme Implementation Guide)

Amount

Programme “Exoikonomo kat’oikon” offers interest- free loans and subsidies for the installation of RES-H plants. The percentage funded by a subsidy or an interest-free loan depends on the personal or family income of the applicant. The following table provides a more detailed description of the financial support the programme offers (ch. 2 par. 2 “Energy Saving at Home II” Programme Implementation Guide):

Category	Personal Income (P.I)	Family Income (F.I.)	Subsidy (in %)	Subsidy increase per child (in %)	Maximum subsidy (in %)
1	P.I. ≤ € 10,000	F.I. ≤ € 20,000	60%	5%	70%
2	€ 10,000 < P.I. ≤ € 15,000	€ 20,000 < F.I. ≤ € 25,000	50%	5%	70%
3	€ 15,000 < P.I. ≤ € 20,000	€ 25,000 < F.I. ≤ € 30,000	40%	5%	70%
4	€ 20,000 < P.I. ≤ € 25,000	€ 30,000 < F.I. ≤ € 35,000	35%	5%	70%
5	€ 25,000 < P.I. ≤ € 30,000	€ 35,000 < F.I. ≤ € 40,000	30%	5%	50%
6	€ 30,000 < P.I. ≤ € 35,000	€ 40,000 < F.I. ≤ € 45,000	25%	5%	50%
7	€ 35,000 < P.I. ≤ € 40,000	€ 45,000 < F.I. ≤ € 50,000	0%	0%	0%

The Programme will cover 100% of the loan interest (ch. 4 “Energy Saving at Home II” Programme Implementation Guide). The maximum budget for each project depends on the technology type (ch. 3 “Energy Saving at Home II” Programme Implementation Guide). The loan has a duration of 4, 5 or 6 years (ch. 4 par. 2 “Energy Saving at Home II” Programme Implementation Guide).

P(in Kw)

P≤8

8<P≤12

12<P≤20

20<P≤35

35<P≤50

50<P≤100

100<P≤200

P>200

Geothermal heat pump

€ 4,900

€ 6,100

€ 9,100

€ 13,300

€ 23,100

€ 25,000

Biomass stoves

€ 6,900

€ 7,200

€ 9,400

€ 13,200

€ 25,000

For aerothermal the maxima are set as follows:

≤2.6: € 850
2.6<P≤3.5: € 1,000
P>3.5: € 2,000

For solar thermal the following maxima are applied:

<p≤3.5: €="" 1,100="" •="" p="">Solar thermal collector: € 1,100 </p≤3.5:>
<p≤3.5: €="" 1,100="" •="" p="">Solar thermal forced Circulation Systems: € 3,000 and € 10,00 for a block of flats </p≤3.5:>
<p≤3.5: €="" 1,100="" •="" p="">Solar thermal for space heating: € 10,000 and € 25,000 for a block of flats </p≤3.5:>
<p≤3.5: €="" 1,100="" •="" p="">Heat pumps € 1,500 It should be noted that call for applications are published for each respective Administrative region (ch. 1 par. 3 “Energy Saving at Home II” Programme Implementation Guide). </p≤3.5:>

Addressees

Procedure

Process flow	The interested applicant/ project consultant submits the application • An initial control of the submitted data is conducted. The interested applicant/ project consultant submits the results of the first energy inspection along with other necessary documents The interested applicant/ project consultant is informed of the eligible budget, the percentage and amount of the subsidy, the maximum eligible cost of the interventions, of the project consultant, any studies and the 2 energy inspections. The amount of the grant is committed to the submission of the application for a period of 130 days from the date of the start of the loan agreement The interested applicant, if it wishes to obtain a loan, selects the Financial Institution that wishes to carry out a credit rating audit. The interested applicant submits a declaration of acceptance of its participation in the program (and its terms) electronically to the information system within two (2) months from the publication of the submission decision. Supplier data is entered into the system Realisation of interventions Second energy inspection The beneficiary shall be informed by the information system on the final total eligible budget and the amount of own funds to be paid to the suppliers / contractors if the sum of the costs submitted exceeds the final total eligible budget and / or the ceilings programme costs. E.T.E.A.N. S.A shall inform the banking institution in order to pay the grant and the disbursement of the entire loan, as the case may be, for the payment of the documents costs (contractors / suppliers etc) and the payment to the beneficiary of the amount corresponding to the expense documents. A similar approach is followed for other types of applicants (e.g. block of flats) (Appendix XII “Energy Saving at Home II” Programme Implementation Guide).
Competent authority	National Fund for Entrepreneurship and Development (E.T.E.A.N. S.A.) (ch. 9 “Energy Saving at Home II” Programme Implementation Guide).

Process flow

The interested applicant/ project consultant submits the application • An initial control of the submitted data is conducted.
The interested applicant/ project consultant submits the results of the first energy inspection along with other necessary documents
The interested applicant/ project consultant is informed of the eligible budget, the percentage and amount of the subsidy, the maximum eligible cost of the interventions, of the project consultant, any studies and the 2 energy inspections. The amount of the grant is committed to the submission of the application for a period of 130 days from the date of the start of the loan agreement
The interested applicant, if it wishes to obtain a loan, selects the Financial Institution that wishes to carry out a credit rating audit.
The interested applicant submits a declaration of acceptance of its participation in the program (and its terms) electronically to the information system within two (2) months from the publication of the submission decision.
Supplier data is entered into the system
Realisation of interventions
Second energy inspection
The beneficiary shall be informed by the information system on the final total eligible budget and the amount of own funds to be paid to the suppliers / contractors if the sum of the costs submitted exceeds the final total eligible budget and / or the ceilings programme costs.
E.T.E.A.N. S.A shall inform the banking institution in order to pay the grant and the disbursement of the entire loan, as the case may be, for the payment of the documents costs (contractors / suppliers etc) and the payment to the beneficiary of the amount corresponding to the expense documents.

A similar approach is followed for other types of applicants (e.g. block of flats) (Appendix XII “Energy Saving at Home II” Programme Implementation Guide).

Competent authority

National Fund for Entrepreneurship and Development (E.T.E.A.N. S.A.) (ch. 9 “Energy Saving at Home II” Programme Implementation Guide).

Distribution of costs

State	The Programme is partly funded from the national budget (ch. 9, ch. 1 par. 3 “Energy Saving at Home II” Programme Implementation Guide).
European Union	The Programme is co-financed by the EU's Regional Development Fund, which provides 85% of the programme budget (ch. 1 par. 3 “Energy Saving at Home II” Programme Implementation Guide).

State

The Programme is partly funded from the national budget (ch. 9, ch. 1 par. 3 “Energy Saving at Home II” Programme Implementation Guide).

European Union

The Programme is co-financed by the EU's Regional Development Fund, which provides 85% of the programme budget (ch. 1 par. 3 “Energy Saving at Home II” Programme Implementation Guide).

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