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
Solar thermal systems
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
NLB Montenegrobanka / Hypo Alpe Adria
USD 1 million budget for the two commercial banks to refincance the 0%-interest rate
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)
Last review of this tabloid
Ministry of Economy of Montenegro,
Energy Efficiency Sector
Mrs Mija Nenezić, Tel: (+382)20 482 185 / 482 446
Fax: (+382)20 234 081