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


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.


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)
United Bulgarian Bank (UBB)

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


Last review of this tabloid

October 2016


REECL Project Office
Boris Petkov
100 Maria Luisa, fl.4, office 5
Sofia, 1202
00359/882 511 760 


Baerbel Epp

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