The second Policy Axis seeks to make a significant contribution to green transition and environmental sustainability, through the achievement of national targets for climate neutrality, energy efficiency and renewable energy sources. It promotes reforms in the fields of climate and energy, sustainable transport, water resources management and the wider environment.

This axis is also the most important in terms of the overall contribution of the Plan to the climate targets, which reaches 41% of the total budget of the Plan, with actions over €500 million that are diffused in almost all policy areas.

The Support Scheme is intended to:

1. Provide financial incentives to encourage the utilisation of RES and Energy Saving for existing residential buildings that belong to natural persons and to contribute to the confrontation of energy poverty.
2. Reduce primary energy consumption.
3. Reduce energy costs for consumers and achieve the national renewable and energy efficiency targets.
4. Implement actions included in the National Strategy of the Development of Mountain Communities.

The Scheme provides financial incentives in the form of state grants for the following categories of investments:

• CATEGORY Α – Installation of Photovoltaic System in an existing residence:
  • Α1-General Category – €375 per installed KW PV with a maximum grant of €1.500 per application
  • Α2-Vulnerable household – €1.250 per installed KW PV with a maximum grant of €6.250 per application
  • Α3-Photovoltaics for All – €250 per installed KW PV with a maximum grant of €1.000 per application

In addition to the grant, for Category A3, the RES and EC Fund also pays the PARTICIPATING TRADER the remaining amount for the full repayment of the investment, up to an amount of €1.000 per kW.
The “repayment amount” is returned by the Applicant to the RES and EC Fund with bimonthly charges of €150 paid through the PARTICIPATING ELECTRICITY SUPPLIER (e.g. EAC) with a corresponding charge on the electricity bill.

• CATEGORY B – Roof thermal Insulation in an existing residence:
  • Β1- General Category- 50% of the eligible costs with a maximum grant of € 2.500 and/or €25,00 per m2 for each application.
  • Β2 – Vulnerable household- 75% of the eligible costs with a maximum grant of € 3.750 and/or €37,50 per m2 for each application.

The Scheme provides a one-time bonus of €750 in the event that both types of investments are implemented for the same residence. Applies to Categories A1, A3, B1.
The grant amount per application for CATEGORIES A1 and B1 is increased by 50% for the houses that fall in the mountainous areas, within the framework of the National Strategy for the Development of Mountain Communities.

• Energy

• Natual person / Citizen / Individual
• Other Beneficiaries

Other
Natural persons permanently residing in Cyprus

Energy Service – Ministry of Energy, Commerce and Industry

Management Committee of the Renewable Energy Sources and Energy Conservation Fund: www.resecfund.org.cy

Renewable Energy Sources and Energy Conservation Fund
Helpdesk
Τelephone: 22409350
Email: Contact | (resecfund.org.cy)
Fax: 22606002

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