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- Ελληνικά
The subsidy for the installation of a photovoltaic system in homes of vulnerable electricity consumers (CATEGORY 3B of the Plan) is increased to €1,250 per kW.
The Plan will remain in force until the announcement of the new Subsidy Scheme, in order to ensure that citizens who will now implement corresponding investments.
On the basis of the President's Governance Programme, the Council of Ministers approved at its last meeting yesterday, Wednesday 20 December 2023, on the proposal of the Minister of Energy, Trade and Industry, an increase in the amount of subsidy for the installation of photovoltaic systems in the homes of vulnerable electricity consumers, which relates to CATEGORY 3B of the "Subsidy Scheme for Encouraging the Use of Renewable Energy and Energy Saving in Homes 2022-23". The Scheme is co-financed by the Renewable Energy and EE Fund and the Cyprus Tomorrow Recovery and Resilience Plan.
The amount of the grant for homes where vulnerable electricity consumers reside is increased from €1,000 to €1,250 per installed kW of PV, with a maximum grant amount of €6,250 (instead of €5,000 previously).
The amount of the grant for homes where vulnerable electricity consumers reside is increased from €1,000 to €1,250 per installed kW of PV, with a maximum grant amount of €6,250 (instead of €5,000 previously). The subsidy amount has been calculated on the basis of historical data to approximate 100% of the subsidy.
In addition, for the purposes of the proper functioning of the market and equal treatment of all applicants, the Council of Ministers has decided to extend the existing "Sponsorship Scheme to encourage the use of Renewable Energy Sources and Energy Saving in Homes" until its smooth replacement by a new Sponsorship Scheme, which is expected to be announced in early 2024. It is recalled that a decision has already been taken to prepare an upgraded Sponsorship Plan, which will include the new category "Photovoltaics for All".
Specifically, the extension of the deadline for receiving applications for the existing Plan has been modified as follows.
- For CATEGORY 2 of the Sponsorship Scheme (Ceiling insulation combined with installation of a Photovoltaic System): extension of the deadline for submission of applications until 3 months after the approval of the new Sponsorship Scheme.
- For CATEGORY 3A of the Grant Scheme (Installation of Photovoltaic System - General Category): extension of applications until 3 months after the approval of the new Grant Scheme.
- For CATEGORY 3B of the Sponsorship Plan (Installation of Photovoltaic System in homes of vulnerable consumers): extension of application submission until the approval of the new Sponsorship Plan.
The extension is deemed necessary to ensure that all citizens who will proceed with the implementation of a corresponding investment until the approval of the new Grant Scheme as well as to achieve the objectives of the Cyprus Recovery and Resilience Plan. The decision has been taken in consultation with the Coordination Authority of the Recovery and Resilience Plan.
(ΕΠ/ΑΦ)
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