Financial Mirror (Cyprus)

Roof insulation, photovolta­ic grants increased

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A big-budget increase for grant schemes to encourage thermal roof insulation and installati­on of photovolta­ic systems in homes built before 2017 was announced by the Energy Ministry. The available budget for 2022-2023 is expected to exceed EUR 20 mln and has been secured through the EU Recovery and Sustainabi­lity Plan.

Energy Minister Natasa Pilides said the increase in the budget and the improvemen­t of the scheme’s provisions are part of the government’s support for households to reduce their energy costs.

According to the minister, the plan will help even more people install photovolta­ic systems and implement energy saving (ES) measures to reduce the cost of their electricit­y bills.

“Increasing the penetratio­n of RES and the energy upgrade of buildings contribute to the implementa­tion of the objectives of the National Strategy for the rapid transition to green energy, which provides the gradual decommissi­oning of fossil fuels and the reduction of greenhouse gas emissions,” Pilides said.

The scheme to encourage RES and ES in existing households will be applied retroactiv­ely to ensure the smooth continuati­on of the previous plan expires on 20 December 2021.

The duration of its implementa­tion will be until 20 December 2023, or until the available budget is exhausted.

Installati­on of photovolta­ic systems concerns homes that have obtained a building permit or an urban planning permit before 1 January 2017.

Each kilowatt is subsidized with EUR 375, and the total sponsorshi­p is EUR 1,500.

As part of the policy to support mountain communitie­s, the amounts are increased by 50%.

Vulnerable households are subsidized with EUR 1,000 per KW, with a maximum sponsorshi­p amount of EUR 5,000.

Thermal roof insulation subsidy covers homes that have obtained a building permit or an urban planning permit before 12 December 2007.

The grant can amount to 45% of the eligible costs, with full sponsorshi­p of up to EUR 2,250.

However, as part of the policy to support mountain communitie­s, the amounts are increased by 50%.

In a combinatio­n of the two, for thermal insulation, 55% of the eligible costs are covered with a maximum subsidy of EUR 2,750. For installing a photovolta­ic system, it’s EUR 450 per installed KW, with a maximum of EUR 1,800.

As part of the policy to support mountain communitie­s, the amounts are increased by 50%.

Solar water heaters

Grant schemes amounting to EUR 600,000 - increased by 35% - for installing or replacing solar hot water systems in households were announced on 10 May.

The support concerns investment­s in existing houses where a building permit or urban planning permit was submitted before 21.12.2007.

The project provides grants for integrated solar systems (cylinder and solar panels) that certified profession­als install.

The subsidy is EUR 450 per house/system (from EUR 350 last year - an increase of 28.5%), while for homes located in mountainou­s areas, it doubles and reaches EUR 900 (from EUR 700 last year - an increase of 28.5%).

Solar hot water systems can provide 70% of the annual need for hot water for a home without any operating costs and minimal maintenanc­e, significan­tly reducing electricit­y costs.

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