The Management Committee of the RES and EX.E Fund announces the start of submitting applications to "Sponsorship Plan to encourage the use of RES and RES in residences 2024-2025", which includes the new Category A3: "Photovoltaics for All".
The Grant Scheme was approved by the Council of Ministers on 25/01/2024 and provides for a grant for the installation of a photovoltaic system and/or roof insulation in existing homes.
The categories of the Plan concern:
Category A1: Photovoltaics – General Category with a sponsorship of €375 per kW and a maximum sponsorship amount of €1.500 (4kW) – 50% increase for mountainous areas.
Category A2: PHOTO / Photovoltaics - Vulnerable Households with a sponsorship of €1.250 per kW and a maximum sponsorship amount of €6.250 (5kW).
Category A3: Photovoltaics For All with a sponsorship of €250 per kW and a maximum sponsorship amount of €1.000 (4kW) and, in addition, an investment repayment of €1.000 per kW with a maximum "repayment amount" of €4.000.
Category B1: Roof Thermal Insulation – General Category with 50% sponsorship and a maximum sponsorship amount of €2.500 and/or €25,00 per sq.m. – 50% increase for mountainous areas.
Category B2: Roof Thermal Insulation – Vulnerable Households with 75% sponsorship and a maximum sponsorship amount of €3.750 or €37,50 per sq.m.
One of the important innovations of the Plan is the provision for a one-time bonus amount of €750 in case both types of investments (photovoltaics and roof thermal insulation) are implemented in the same house.
The Plan is co-financed by the Renewable Energy and Energy Fund and the Recovery and Resilience Plan "Cyprus_Tomorrow".
Applications can only be submitted online through the website of the RES and EX.E. Fund. Applications are submitted before the implementation of the investments and can be submitted in Greek or English.
It is considered particularly important that, before completing the application, applicants carefully study the provisions of the Grant Scheme, as well as the information provided on the above website.