A follow-up “Saving at Home” program offering subsidized funds to property owners for domestic energy efficiency upgrades will be launched next week to cover excess demand generated by an initial program staged last summer.
The previous program covered over 8,500 successful applicants who received a total of 75 million euros for energy efficiency upgrades. Over 6,000 applicants are expected to benefit from the follow-up program, offering an estimated 61 million euros. The new program will bring the total number of beneficiaries to approximately 15,000 in total.
Many applications that had been submitted for the initial “Saving at Home” program remained unprocessed as a result of the strong demand that took the initiative beyond its funding limits.
Energy minister Giorgos Stathakis and Alternate Economy and Development Minister Alexis Haritsis have co-signed a joint ministerial decision that activates the follow-up subsidy program.
The decision is expected to contribute to efforts aiming to revive the country’s subdued building sector and also help the economy adjust for less greenhouse emissions and lower energy costs for citizens, especially low-income groups.