Grant Scheme for the installation of photovoltaic systems for charging of electric and plug-in hybrid vehicles (2022)
Summary
The second Policy Axis seeks to make a significant contribution to green transition and environmental sustainability, through the achievement of national targets for climate neutrality, energy efficiency and renewable energy sources. It promotes reforms in the fields of climate and energy, sustainable transport, water resources management and the wider environment.
This axis is also the most important in terms of the overall contribution of the Plan to the climate targets, which reaches 41% of the total budget of the Plan, with actions over €500 million that are diffused in almost all policy areas.
Programme Name
Programme Description
The second Policy Axis seeks to make a significant contribution to green transition and environmental sustainability, through the achievement of national targets for climate neutrality, energy efficiency and renewable energy sources. It promotes reforms in the fields of climate and energy, sustainable transport, water resources management and the wider environment.
This axis is also the most important in terms of the overall contribution of the Plan to the climate targets, which reaches 41% of the total budget of the Plan, with actions over €500 million that are diffused in almost all policy areas.
Call
Detailed Call Description
The Plan was announced on 20/04/2022 in order to give the opportunity to the interested parties to proceed with the implementation of the corresponding investment. The Plan’s budget amounts to €1.5 million and is part of the efforts of the Ministry of Energy, Trade and Industry and the Government in general to promote electrification and sustainable transport.
In addition to the installation of the photovoltaic system, the Plan provides the beneficiaries with the opportunity to purchase and install a charger, convert the electrical installation of the house from single-phase to three-phase and purchase a battery to store the energy produced by the photovoltaic system. Beneficiaries of the plan are natural persons who live in a house and are owners of an electric or plug-in hybrid vehicle.
The Scheme has retroactive effect from 01/02/2022 (date of connection of the photovoltaic system) and will remain open until 20/12/2023 or until the available budget is exhausted.
Financing percentage by EU or other bodies / Level of Subsidy or Loan
The Scheme provides the following financial incentives:
Mandatory Investment: Α. Installation (or extension of an existing) photovoltaic (PV) system: €750 per kW of PV to be installed – Maximum grant per vehicle € 1 500 (i.e up to 2kW per vehicle).
Optional Investments subsidised: Β1. Purchase/installation of Charger: €600 Β2. Conversion of electrical installation of the house from single-phase to three-phase: €450 Β3. Purchase/installation of Battery (non-eligible cost for Virtual Net-Metering): €750 per kWh capacity – Maximum sponsorship amount per application €2 000
Eligibility For Participation Notes
Natural persons permanently residing in Cyprus who cumulatively meet the following conditions:
Programme Category
Cyprus Recovery And Resilience PlanTotal Budget
€1.5 millionThematic Categories
- Energy
Eligibility for Participation
- Other Beneficiaries
Call Opening Date
19/12/2023Call Closing Date
20/12/2024National Contact Point(s)
Management Committee of the Renewable Energy Sources and Energy Conservation Fund (www.resecfund.org.cy)
and
Energy Service – Ministry of Energy, Commerce and Industry
Contact Persons:
George Tsiamettis
Senior Commerce and Industry Officer
Telephone: +357 22 409 307
Email: gtsiamettis@meci.gov.cy
Savvas Ioannou
Industrial Extension Officer
Telephone: +357 22 409 445
Email: sioannou@meci.gov.cy