- Proposal of the Minister of Energy Ms. Natasha Pilidou was approved today by the Council of Ministers
- Integrated solar systems (cylinder and solar panels) are subsidized, whose installation is carried out by certified installers
- Increased grants - For each house €450, while for houses in mountainous areas the amount is doubled to €900
Grant scheme of €600 thousand. for the installation or replacement of solar hot water systems in residential buildings, was approved today, 10 May 2022, by the Council of Ministers following a proposal by the Minister of Energy, Trade and Industry, Ms Natasha Pileidou.
The scheme, which will be implemented by the Renewable Energy and EE Fund and financed by the Recovery and Resilience Plan "Cyprus_Tomorrow", falls under the strategy for a rapid transition to green energy.
The scheme, which will be implemented by the Renewable Energy and EE Fund and financed by the Recovery and Resilience Plan "Cyprus_Tomorrow", falls under the strategy for a rapid transition to green energy. Beneficiaries of the scheme are exclusively natural persons and the aids concern investments in existing dwellings where the application for a building permit or planning permission was submitted before 21.12.2007.
Based on Ms. Pileidou's proposal, the scheme is announced this year with significant variations compared to the schemes implemented in previous years, with the aim of enhancing its effectiveness. Among the changes that have been made is that now only integrated solar systems (cylinder and solar panels), whose installation is carried out by certified installers, are subsidized.
In addition, the total budget of the Plan has been increased by 35%, with a significant increase in the amount of sponsorship. Specifically, the amount of the grant is €450 per house/system (up from €350 euros last year - an increase of 28.5%), while for houses in mountainous areas the amount is doubled to €900 (up from €700 last year - an increase of 28.5%).
In more detail, under the Plan, subsidies are granted to:
- Integrated water heating systems (cylinder and panels) of which. - The hot water cylinder is energy class B or higher if up to 200Lt capacity, or energy class C or higher for capacities greater than 200Lt.
- Only installations of solar systems carried out by certified installers registered in the Register of Installers Small Scale Renewable Energy Systems - Category D: Installers of Solar Thermal Systems are eligible. Installations carried out by persons not included in the Register referred to above will not be eligible for a grant.
It is noted that solar hot water systems can provide 70% of the annual hot water requirement for a dwelling with no operating costs and minimal maintenance, contributing significantly to reducing electricity costs.
The Scheme is not retroactive and the grant will only be awarded for equipment purchased and installed after the date of notification of the Scheme. It will remain open until 01/10/2022 or until the final submission of 1300 applications.
All information about the Scheme, including the Scheme Guide and application process, is posted on the Renewable Energy and Energy Efficiency Fund website:www.resecfund.org.cy
(MB/IK)
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