Residential Energy Efficiency Credit Line (REECL) 3 in Bulgaria
The European Bank for Reconstruction and Development (EBRD) has relaunched its more than ten years old financing facility for energy efficiency measures REECL. REECL 3 provides EUR 20 million for loans for incentive grants to private home owners, apartment owner associations and ESCO companies. Borrowers who have successful implemented energy efficiency measures or installed renewable energy facilities like solar water heaters can get between 10% and 20% of their loan amount as incentive grant. For this purpose the Kozloduy International Decommissioning Support Fund provides additional EUR 4.4 million.
|
Country / Region |
Bulgaria |
|
Name of programme |
Residential Energy Efficiency Credit Line 3 (REECL 3) |
|
Type of incentive |
Loans and incentive grants for energy efficiency home refurbishments |
|
Eligible technologies |
Wide range of energy efficiency measures and renewable energy projects including solar water heaters as listed on the REECL website |
|
Applicable sectors |
Individual house owners, apartment owner associations, ESCO-Companies etc. |
|
Amount |
250 € to 15,000 € |
|
Maximum incentive |
EU grants from 10% from the loan amount for individual borrowers up to 20% for home owner associations |
|
Requirements for system |
Eligible solar water systems are listed on the REECL website |
|
Requirements for installation |
Eligible Installers for the REECL Programme are listed on the REECL website |
|
Finance provider |
Piraeus Bank Bulgaria (PBB) |
|
Total funds |
EUR 20 million loans, EUR 4.4 million grants |
|
Funding sources |
European Bank für Reconstruction and Development (EBRD) / Kozloduy International Decommissioning Support Fund (KIDSF) |
|
Effective date |
September 2016 |
|
Expiration date |
31 December 2018 |
|
Website |
|
|
Last review of this tabloid |
October 2016 |
|
Contact |
REECL Project Office |
