“I change my device for businesses”: The amount of aid and the criteria for participation

The programa “Change device for businesses”, a new initiative of the Ministry of Environment and of Energy (Ministry of Energy), financially supports companies of all sizes, with the aim of upgrading their facilities with more energy efficient ones.

With a total budget of 105.6 million euros, it aims to improveenergy efficiency of businesses and to reduce carbon dioxide (CO2) emissions -at least by 30% for each business.

Interventions covered by the action include, among others:

  • the installation of heating systems with heat pumps
  • solar heating systems
  • smart energy metering devices and others related to energy saving

In addition, the costs associated with services are covered, such as:

  • the metaphor
  • the installation
  • the configuration of the new equipment
  • energy control

The budget of expenses for the program “Switch Device for Business”

On the process of joining the “I change device for businesses” program:

  • Small businesses can apply for a maximum eligible expenditure budget of 20,000 euros, with a corresponding 50% aid rate (up to 10,000 euros in subsidies).
  • Medium and large enterprises can submit applications with a maximum eligible expenditure budget of 25,000 euros and a corresponding aid rate of 40% (up to 10,000 euros in subsidies).

All companies – and individuals – have the right to participate under the following conditions:

  • are active in Greece,
  • have a Greek VAT number,
  • are active on the date of application and
  • have been established before December 31, 2023

In addition, the following are worth noting:

  1. The individual costs for the issuing services of each Energy Performance Certificate (EPC) amount to a maximum of 400 euros.
  2. Expenditures related to services amount to a maximum of 25% of the total eligible expenses.
  3. The cost of the application consultant amounts to a maximum of 300 euros and is eligible for 100% or more of the aid amount. It also applies to applications that have already been submitted.
  4. The 1st PEA (or energy audit) must be submitted before the start of implementation and by the application deadline and the 2nd PEA (or energy audit) after implementation, in order to document the achievement of the target of reducing CO2 emissions by at least 30% and to pay the aid.
  5. For the same facility referred to by the PEA (or energy audit), no other energy saving funding is taking place for a program related to the “Save by Doing” action.
  6. The costs supported under the program may not be supported by any other source (National or European).

Those interested can submit their applications, as well as the energy certificates, for inclusion in “Change device for businesses” until April 15, 2024, through the program’s electronic platform: https://exoikonomo-epixeiro2023.gov.gr.