The guide of the Economize - Renovate for Youth Programme has been pre-published on the website of the MINISTRY OF ENVIRONMENT with a total budget of 350 million. euro.

The new program, which is part of the government's broader Social Housing Policy "My Home!", announced by Prime Minister Kyriakos Mitsotakis, gives the possibility for 20,000 young people, aged between 18 and 39 years, to upgrade energy and renovate their residence. The goal of the program is to save primary energy by at least 30%. Also the upgrading of the energy category based on the Energy Performance Certificate (EPC) by at least three energy classes in relation to the existing classification.

The Program is divided into two sections:

• "Saving for Young People". It includes energy saving interventions, such as replacement of frames, thermal insulation, heating-cooling systems, hot water supply systems and smart home.
• "Renovate for Young People". It includes renovation interventions, such as renovation of bathroom and kitchen areas, replacement of entrance door, replacement and repair of electrical and plumbing installations as well as floors. A basic condition for inclusion in the "Renovate" strand is the inclusion in the " Save" strand first.

All young people born between 01/01/1984 and 31/12/2005 are eligible to participate in the programme. The family income must be up to 50,000 euros to be eligible for Ex Economo. While to join the Renovate scheme, it should be up to 20,000 euros .

In addition, beneficiaries should be:

• Owners of the property, with any right in rem and owning it, or being full owners, or usufructuary and renting it out, to join "Save for Youth"
• Freehold and 100% property owners to join Renovate for Young

The Energy Efficiency - Renovate for Youth Programme covers eligible expenses up to 35,000 euros for the energy upgrade and renovation of a home.

particularly:

Eligible budget - Saving for Youth up to 25.000 euros

The program covers from 45% to 90% of the amount of eligible energy interventions, while the remaining amount can be covered by an interest-free loan.

Eligible budget - Renovate for Youth up to 10.000 euro

The program covers up to 30% of the amount of eligible renovation interventions, while the remaining amount can be covered by a low-interest loan of up to 7,000 euros.

The percentage of the subsidy is graduated, depending on the income category to which the applicant belongs and is defined as follows:

A dwelling, to be considered eligible, must be a detached house or detached apartment and must:

• Exists legally
• It has not been deemed demolishable
• Used as main residence
• To be classified in an energy class category lower than or equal to C, based on the Energy Performance Certificate (EPC)

The submission and management of the applications to the Program will be done on the platform of the Ministry of Foreign Affairs.

Costas Skrekas, Minister of Environment and Energy

"The prime minister announced to the TIF the government's comprehensive plan for the new housing policy, "My house!". In implementation of this announcement, we are putting in motion the " Save - Renovate for Youth" programme, with budget of 350 million euros, giving the appropriate financial incentives to young people from 18-39 years old, in order to upgrade their homes energy-wise and renovate them. We create the necessary framework so that our young people to reduce energy costs in their home, with targeted energy interventions, and to acquire a modern residence, which is condition for a better quality of life. We stand by the young people who are starting their lives and provide solutions to the practical problems they face, at a difficult time, in the midst of the energy crisis".

Alexandra Sdoukou, Secretary General for Energy and Mineral Resources

"As of today, the "family" of Execonomo programs is growing. As part of the government initiative "My Home!" we present today the new action Save money - Renovate for Young People enabling young people aged between 18 and 39 to not only to upgrade their home energetically but also to renovate, aiming for an integrated result, with the aim of improving the quality of life and the low environmental footprint.

Like the previous programs, this one has a special social character. That is why we subsidize with an additional 15% the eligible interventions in the very small areas, taking into account the particular difficulties that exist. The Save - Renovate for Youth reflects the further broadening of the scope of energy efficiency programmes for buildings beyond the main residential and public buildings. It follows the pre-publication of the Economo-Enterprise Guide, which focuses on small and medium-sized enterprises in services, commerce and tourism. And our effort on the energy conservation front continues on many levels, as it is a key tool to reduce energy costs while tackling climate change."