Save: New program with enhanced funds from the Recovery Fund
New “Save” with horizontal targeting, to which unallocated funds from specialized programs of operational, energy upgrade of buildings that “ran” in the previous period will be transferred Ministry of Environment-Energy and National Economy, after the approval of the revised Recovery Plan which is a main source of funding for the relevant investments.
With the revision of the Plan, the energy efficiency programs for households, enterprises and Public and RES energy storage systems. 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
(v) the improvement of energy efficiency in municipal water supply and sewerage companies by replacing the existing electromechanical equipment in the wells with new and more energy efficient ones
Unavailable funds from “Save – Renovate for Youth”
The funds of the new “Save” will also be channeled the unallocated balances from the “Save – Renovate for young people” program to which 6,679 applications for a budget of 88,029,982 euros were submitted against available funds of 300 million. It is noted that of the 6,679 applications the 3,836 also concerned the part of the renovations, as through the program (which, it should be remembered, closed on November 15) the possibility of complete upgrading of homes (energy – functional – aesthetic) was provided.
In the meantime, by the end of the year, an announcement is expected for the program “Renovate – Rent”, which subsidizes the repair of houses with the aim of making them available for rent. The program can be participated by property owners or usufructuary for one of their properties with residential use, as long as:
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, actual 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 rented and is declared as empty on the E2 form accompanying the income tax return of the last three years
e) beneficiaries have not received a subsidy for an energy saving or renovation program in a property they own in the last five years and have not joined subsidized energy saving programs for any of their properties
The participants in the “Renovate – Rent” program are subsidized for the repair and renovation costs of their property, 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