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Subsidy for the upgrade of residential buildings

18.03.2015

The Ministry of Energy has made the first statement concerning the reconstruction of residential buildings. It is estimated that each object will be given a subsidy of between 50 and 70 % according to the type of investment – roof and wall insulation, installation of solar panels, smart meters, shading and installation of various energy efficient systems for cooling and heating.The highest amount is set at €20,000 or €25,000 for each unit within a building.Only one application may be submitted per unit.

Project cost is 8 mln.euro and is co-funded by the government and EU cohesion funds.Applications will be accepted between April 6 and December 23, 2016 or until the available budget will be limited. For more info visit http://www.mcit.gov.cy or call 22606060, 22606014, 22606016, 22606035. Instructions on how to apply are also available at the district offices of the ministry of energy, commerce, industry and tourism.

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