The Future of Energy Efficiency in Cyprus Homes
The Cyprus government has reaffirmed its commitment to energy efficiency, unveiling new initiatives to support homeowners and businesses in reducing energy costs and embracing sustainable living. At the recent Cyprus Energy Saving Association assembly, Energy Minister, George Papanastasiou, highlighted a range of funding opportunities aimed at improving energy efficiency across the island.
Government Support for Energy-Efficient Homes
For homeowners looking to make their properties more energy-efficient, the government has introduced several key grant schemes:
- Save & Upgrade for Households: Now in its third phase, this programme has allocated €30 million in grants to support energy-efficient home improvements. This initiative is making a real impact in helping residents upgrade their homes.
- Solar Panels for All: This scheme received 7,800 applications in its first year, with over 5,000 approvals – ensuring that more households can benefit from renewable energy solutions.
- Energy Storage Grant Scheme: This scheme is designed to enhance renewable energy adoption, allowing homeowners to store excess solar energy for later use. This means lower electricity bills and greater energy independence.
- Home Insulation and Energy Upgrades: The Renewable Energy Sources and Energy Conservation Fund (RES & EC Fund) has disbursed €27.5 million in grants to support home insulation, energy-efficient upgrades, and the installation of electric vehicle charging stations.
Why Energy Efficiency Matters for Homeowners
For property owners in Cyprus, investing in energy efficiency not only reduces monthly expenses but also increases property value. With new regulations on the horizon requiring buildings to meet higher energy performance standards, upgrading now can be a smart long-term investment. Additionally, energy-efficient homes are more attractive to buyers and tenants who prioritise sustainability and lower running costs.
One Home Cyprus: Helping You Find Energy-Efficient Properties
At One Home Cyprus, we recognise the importance of energy efficiency in modern real estate. Whether you’re looking for a newly built home with high energy ratings or a property with potential for sustainable upgrades, our team is here to guide you.
If you’re considering investing in an energy-efficient property, contact One Home Cyprus today. We’ll help you find the perfect home that aligns with your sustainability goals and budget.