Grant Schemes for PV Systems and/or Insulation

grant schemes for pv systems and or insulation

The importance of Renewable Energy Sources and Energy Conservation as well as the promotion of a more sustainable lifestyle has resulted in an increase in grants for the installation of photovoltaic systems and/or thermal insulation. In this article, you can learn about the grant schemes for PV systems and/or insulation in Cyprus.

The increase in electricity prices and the cost of living, in general, made the government take the decision of increasing the budget for government funding for the installation of photovoltaic systems and/or thermal insulation. With EU funding and the goal to support citizens and encourage the use of RES, the government decided on the following schemes for which the final application date is 20/12/2023 or until the budget is exhausted.

Category 1:

Roof thermal insulation on an existing house. The funding for the said category is 45% on eligible costs for each application with a maximum grant amount of 2250 euros. The grant for houses in mountainous areas increases by 50%. The eligible houses for this category are existing houses in which the application for a building permit or town planning permit has been submitted before 21/12/2007.

Category 2:

Roof thermal insulation on an existing house in combination with the installation of a net-metering or virtual net-metering photovoltaic system. The funding for the said category is 55% on eligible costs for each application with a maximum grant amount of 2750 euros and additional 450 euros per installed kW on the photovoltaic system with a maximum grant of 1800 euros. The grant for houses in mountainous areas increases by 50%. The eligible houses for this category are existing houses in which the application for a building permit or town planning permit has been submitted before 21/12/2007.

Category 3:

Installation of a net-metering or virtual net-metering photovoltaic system on an existing house. The funding for the said category is 375 per installed kW on the photovoltaic system with a maximum grant of 1500 euros. The grant for houses in mountainous areas increases by 50%. The eligible houses for this category are existing houses in which the application for a building permit or town planning permit has been submitted before 01/01/2017.

Cyprus exceeded its 2020 goal for RES but the need to increase the use of RES is always there. This is why the government decided to increase the grants for the installation of thermal insulation and/or photovoltaic systems for 2020-2023.