MONTESOL – Solar Water Heating Project for Montenegro’s Domestic Sector

Montesol, the expired credit line for the installation of solar water heaters in Montenegrin households, may be restarted at the end of 2015, according to a source at Montenegro’s Directorate for Energy Efficiency (DoEE).

In July 2011, the second phase of Montesol was launched as a joint project between the Montenegrin Ministry of Economy, the United Nations Environment Programme (UNEP) and the Italian Ministry for the Environment, Land and Sea (IMELS). Initially, it was thought to end on 31 October 2013. “First, we signed an extension to the partnership agreement with the UNEP to extend the programme until 31 December 2013. Now, we are working on an amendment in order to continue Montesol´s implementation,” a DoEE spokesperson replied to a media enquiry, without giving specific information about the future conditions and terms of the Montesol programme (see further details in the related news).

Country / Region


Name of programme


Type of incentive

Interest-free loans for a maximum of seven years, which are to be paid back in monthly rates of equal amounts

Eligible techno-logies

Solar thermal systems

Applicable sectors

Residential sector

Maximum loan

Maximum loan EUR 5,000

Requirements for system

Built-in solar systems must provide a minimum annual solar energy yield of 500 kWh/m2 according to

– EN 12976-2: 2006 if factory-made solar systems

– EN 12977-2: 2001 for other solar systems.

Requirements for installation

Dealers and installers of solar thermal facilities were selected by an independent global commission and are eligible partners of the programme. Find a list here

Finance provider

NLB Montenegrobanka / Hypo Alpe Adria

Total funds

USD 1 million budget for the two commercial banks to refincance the 0%-interest rate

Funding sources

Mediterranean Investment Facility (MIF), a joint initiative by the Italian Ministry for the Environment, Land and Sea (IMELS), and the United Nations Environment Programme (UNEP)

Effective date

July 2011

Expiration date

December 2013



Last review of this tabloid

February 2014


Ministry of Economy of Montenegro,

Energy Efficiency Sector

81000 Podgorica,

Mrs Mija Nenezić, Tel: (+382)20 482 185 / 482 446

Fax: (+382)20 234 081



Baerbel Epp

Bärbel Epp is Founder and Director of the German communication and market research agency solrico and editor-in-chief of