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Tuesday, April 16, 2024

The submission of applications for the “Photovoltaics for All” project – The five categories begins

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The Management Committee of the RES and EX.E Fund announces the start of submitting applications to the “Sponsorship Project to encourage the use of RES and EXE in residences 2024-2025″, which includes the new Category A3: “Photovoltaics for All”.

The Grant Scheme was approved by the Council of Ministers on 25/01/2024 and provides for a grant for the installation of a photovoltaic system and/or roof insulation in existing homes.

The categories of The plan concerns:

Category A1: Photovoltaics – General Category with a sponsorship of €375 per kW and a maximum sponsorship amount of €1,500 (4kW) – 50 % increase for mountainous areas.

Category A2: PHOTO/ Photovoltaics – Vulnerable Households with a sponsorship of €1,250 per kW and a maximum sponsorship amount of €6,250 (5kW).

Category A3: Photovoltaics For All< /b> with a sponsorship of €250 per kW and a maximum sponsorship amount of €1,000 (4kW) and, in addition, an investment repayment of €1,000 per kW with a maximum “repayment amount” of €4,000.

Category B1: Roof Thermal Insulation – General Category with a 50% sponsorship and a maximum sponsorship amount of €2,500 and/or €25.00 per sq.m. – 50% increase for mountainous areas.

Category B2: Roof Thermal Insulation – Vulnerable Households with 75% sponsorship and a maximum sponsorship amount of €3,750 or €37.50 per sq.m.

One ​​of the important innovations of the Plan is the provision for a one-time bonus amount of €750 in case both types of investments are implemented (photovoltaics and roof thermal insulation) in the same house.

The Project is co-financed by the RES and EXE Fund and the Recovery and Resilience Plan “Cyprus_Tomorrow”.

Applications can only be submitted online through the website of the RES and EXE Fund. Applications are submitted before the implementation of the investments and can be submitted in Greek or English.

It is considered particularly important that, before completing the application, applicants carefully study the provisions of the Sponsorship Scheme, as well as the information provided on the above website.

Source: reporter.com.cy

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