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Cyprus encourages homeowners to ‘save and upgrade’

Residents on the third-largest island in the Mediterranean are being offered a financial incentive, through the ERDF-funded ‘Save and Upgrade’ project, to let their homes reduce their energy consumption by at least 60%.

date:  16/03/2021

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See alsoMore information on the programme

Up to 60 % of their total eligible renovation budget will be reimbursed, although for low-income residents this increases to 80 %. One of the eligibility criteria is that the home must already have an energy rating of C or lower.

With the help of a qualified expert, homeowners can decide on the work that needs to be done to reduce their energy consumption by at least 60 %. The project funding will cover the purchase and installation of energy-saving measures.

These can include insulation, new windows or doors, photovoltaic panels and batteries, heat pumps, air-conditioning and intelligent energy-management systems.

The project starts on 9 March and has a total budget of EUR 30 million.

Author: Evagoras Prokopiou

Source article on https://www.philenews.com/ on 28/02/2021