31 October 2024, 05:00

31

Government reissues RES housing eligibility schemes

Government reissues RES housing eligibility schemes
Government reissues RES housing eligibility schemes

The energy ministry has reissued its grants scheme for encouraging the use of renewable energy sources in residences to accommodate an additional 3,000 applications from households across Cyprus.

According to the ministry, the “Photovoltaics for All” scheme, first launched in March, saw high demand in its initial phase, with 6,000 applications submitted within four months. Many households have already completed installations.

The initiative aims to assist non-vulnerable households lacking initial capital to install photovoltaic systems (PVs), helping them reduce electricity bills and their environmental impact. For eligible applicants, the investment cost is covered by the Renewable Energy Sources (RES) and Energy Efficiency Fund, which is repaid in instalments added to their electricity bills.

In the updated Category A3 scheme, the ministry has introduced minor adjustments to increase accessibility and effectiveness. These include the removal of the 6,000 kWh/year consumption cap from the first phase, a reduction of the grant amount from €1,000 to €500, and an increase in the repayment amount from €4,000 to €4,500. The changes aim to focus support on applicants with greater financial need.

The ministry has also broadened eligibility under Category A3 to include applicants with a filed purchase agreement at the department of lands and surveys, even if they are not yet the official property owners.

Besides Category A3, the grant scheme offers ongoing support in several other categories.

Category A1 covers photovoltaic systems for the general population, offering a grant of €375 per kilowatt (kW), up to a maximum of €1,500, with an additional 50 per cent increase for installations in mountainous areas. In Category A2, grants are directed specifically at vulnerable households, who are eligible to receive €1,250 per kW, with a maximum grant of €6,250.

For those looking to improve their home insulation, two additional categories are offered. Category B1 provides roof insulation grants under the general category, covering 50 per cent of the cost up to €2,500, or €25 per square metre. This grant also has a 50 per cent increase for mountainous regions. Meanwhile, Category B2, designed for vulnerable households, covers 75 per cent of the cost for roof insulation, providing up to €3,750 or €37.50 per square metre.

The ministry is encouraging residents to consider these grants to reduce electricity costs and support a more sustainable future.

Detailed information on eligibility and application procedures is available on the website www.ref.org.cy, and applicants are advised to review requirements carefully before applying.

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