The REPowerEU chapter addresses the challenge of reducing reliance on fossil fuels. The objectives of the component are to strongly reduce Cyprus’ dependence from imported fossil fuels in general. The new RePowerEU chapter contributes to the achievement of Cyprus’s energy efficiency obligations and targets set for 2030, under the National Energy and Climate Plan. In order to limit its energy dependence, Cyprus shall further invest in energy efficiency improvements in buildings and road transport and accelerate the deployment of renewables.

The measures included in the REPowerEU chapter address most aspects of recent country-specific recommendations in the field of energy, as they shall foster research and innovation in the field of green transition and energy production, storage, transmission and distribution solutions, promote renewables and accelerate energy efficiency measures in various buildings in the public and private sector, enhance the regulatory framework for the operation of Energy Communities, and promote widespread use of Electric Vehicles.

The implementation of the measures are all expected to contribute to reducing dependency on fossil fuels. Increasing the share of renewable energy sources has a cross-border and multi-country dimension because it contributes to securing the energy supply in the Union as a whole.

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

• Website