Of Chrysostom Chufi

A few days will still need to be awaited by interested parties for the program “I am upgrading my house 2025” as according to the latest information it seems that it will not be possible to start within this week but the next.

The program has a budget of € 400m (€ 300m from the recovery fund and € 100m from the banks) and according to Economic Staff estimates will help upgrade about 20,000 buildings while increasing their value.

The program is literally synonymous with flexibility as it essentially addresses everyone:

  • Has no income criteria
  • Has no asset criteria
  • Does not have age criteria
  • It concerns not only the main but also the secondary houses
  • It is not necessary to achieve a specific scale of energy upgrade as is the case e.g. WITH THE SAVING PROGRAM requires 3 -step energy upgrade

The only prerequisite is that the person concerned has not benefited from January 1, 2020 after another energy upgrade program.
The program subsidizes individual interventions or a combination of those that lead to improving the energy behavior of the property through zero interest rate loans.

Some of the subsidized interventions include:

  • Thermal insulation (internal/external).
  • Construction of green roof.
  • Placing energy frames.
  • Mounting solar water heater.
  • Installation of external permanent shading systems (not awnings).
  • Installation of a heating-cooler system, exclusively by utilizing a renewable energy source or with a high efficiency electricity and heat cogeneration system (indicative electric heat pump, Energy Class Energy Class Air Condition Units).
  • Installation of thermostatic regulation systems.
  • Installation of energy storage system (batteries) from renewable energy sources.
  • Installation of photovoltaic stations – small wind turbines and other RES
  • Placement work/Technical Consultant-Engineer Services.

The loans can be from € 5,000 to 25,000 € with a repayment duration of 3 to 7 years and full interest rate coverage. Partial or total repayment of the loan without any charge.

The application for the program is made through the online platform that will open next week out of the shocking unexpected. The steps to secure the loan are very simple:

1. Taxisnet codes:

2. Approval of personal information and information concerning the residence to be upgraded.

3. Subject the application

4. Evaluation and approval of it within 30 days of the application date

If the applicant does not receive a pre -approval within 30 days or his application shall be rejected, he may apply to another bank.

The amount of the requested loan is determined on the basis of the bids submitted or the budget of tasks or preferences. The loan is also played by the Bank of the Bank of the credit capacity of the beneficiary. The program loan cannot be used to refinance an existing loan.