Proposal of the Minister of Energy Ms. Natasha Pileidou which was approved today by the Council of Ministers
Sponsorship scheme of €1.5 million. for the installation of a photovoltaic system for charging an electric or hybrid plug-in vehicle, was approved today by the Council of Ministers following a proposal by the Minister of Energy, Trade and Industry, Ms Natasha Pileidou.
The Project is part of the Government's efforts to promote electromobility and sustainable transport in general and falls within the Strategy for a rapid transition to green energy. In addition to the installation of the photovoltaic system, it enables beneficiaries to purchase and install a charger, convert the home's electrical installation from single-phase to three-phase and purchase a battery to store the energy generated by the photovoltaic system. Beneficiaries of the scheme are natural persons who reside in a house and are owners of an electric or hybrid plug-in vehicle.
Based on Ms. Pileidou's proposal, the scheme, which will be implemented by the RES and EE Fund, is retroactive from February 1, 2022 and will remain open until 12/20/2023 or until the available budget is exhausted.
Based on Ms. Pileidou's proposal, the scheme, which will be implemented by the RES and EE Fund, is retroactive from February 1, 2022 and will remain open until 12/2023 or until the available budget is exhausted. The start date for applications will be announced by the Fund's Management Committee in the near future.
The amount of the grant for the installation or expansion of an existing photovoltaic system is €750 per KW, with a maximum grant amount per vehicle of €1500. Optional costs are financed as follows.
- Purchase/installation of a battery, €750 per KW, with a maximum grant amount per application of €2000.
The Grant Scheme is included in the Recovery and Resilience Plan "Cyprus Tomorrow" for the period 2021-2026, and is funded by the EU.
The information of the Plan, including the Plan Guide is available on the RES and EE Fund's website: https:/resecfund.org.cy/ev_charging_2022
(NΓ/ΙΚ)
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