In the pre-publication of the New Economy programme, the Ministry of Environment and Energy. The programme aims to provide incentives for energy saving interventions in the domestic building sector, aiming to reduce energy needs and consumption of conventional fuels, in the context of the transition to an "Energy Efficient Home".

Budget

The budget of the New Economy amounts to €632 million. It is funded by resources of the Recovery and Resilience Fund, while its distribution will be distributed per prefecture.

Who it concerns the New ExoEconomy

The New Home Loan applies to buildings that are legally existing, used as a primary residence and whose owners meet certain income criteria. In particular, the programme includes 5 categories of subsidies, to which beneficiaries are assigned according to their income. Also, incentives are provided for energy upgrade interventions in apartment buildings with individual applications of individual apartments that include communal and non-communal upgrade interventions.

Eligible to participate are natural persons who during the "reference year" of the program (tax year 2020) and at the time of application have a right in rem. This includes full ownership, usufruct and high ownership of an eligible dwelling. In case there are several beneficiaries of rights in rem in an eligible dwelling, the application is submitted by one of the beneficiaries who has the right to participate in accordance with the above, with the consent of the others.

Within the framework of the Program there are 2 distinct types of applications:

J. Application for an Individual Apartment or Detached House,

ιι. Apartment Building Application.

Eligible Dwellings - Definitions

For the needs of the Program, the following definitions apply:

- Detached house: The single building that includes one property, arranged in one or more levels, with main residential use. The definition of a detached house also includes the cases of mixed-use buildings with uses other than residence. Such as at the level of the ground floor / semi-basement / mezzanine with independent access (e.g. shops, workshops, etc. with entrance from the street).

An Energy Performance Certificate (EPC) is issued a) for "Entire Building" and use "Detached House" if it concerns the entire building.

b) For "Building unit" and use "Detached house" if it is the part of the building that concerns the only residence of the building.

- Apartment building: The single building that includes more than one building unit - properties with main residential use, in a horizontal and / or vertical layout. The definition of an apartment building also includes the cases of residential buildings that include uses other than residence. Such as at the level of the ground floor / semi-basement / mezzanine with independent access (e.g. shops, workshops, etc. with entrance from the street).

An EPC is issued for "Entire Building" and use of "Apartment Building" if it concerns the entire building or its part that concerns all the residences of the building.

- Apartment: building unit – property (residence) within a building with the use of an apartment building.

An EPC is issued for "Building unit" and use "Apartment building" and a title is written for the building unit (e.g. Apartment A1). Eligible residence is the detached house, the apartment building as well as the individual apartment. Please note that under no circumstances are properties of the building that are not used for residence (e.g. a shop on the ground floor of a building) eligible.

General Conditions of Residence Eligibility

In order to be eligible, a dwelling must meet the following general conditions:

• It exists legally.

• It has not been deemed demolishable.

• It is used as the main residence.

• It has been classified based on the First Energy Performance Certificate (A' P.E.A.) in a category lower than or equal to it.

Date of eligibility of expenditure for the New Economy

The starting date for eligibility of expenditure is 01/02/2020 and in any case after the issuance of the EPC of the first energy audit. Part of the interventions may be carried out even before the issuance of the decision of affiliation, under the sole responsibility of the beneficiary.