Sponsorship plan to encourage the use of renewable energy sources and energy savings in residences 2021

The Sponsorship Plan (https://resecfund.org.cy/en/katigoria_1_2021) aims to provide financial incentives, in the form of government sponsorship, to encourage the use of RES and implement EXE measures in existing buildings that are legally used as residences and to contribute to the achievement of national RES and EXE obligations. The Plan has been included in the proposals for possible funding from the Recovery and Sustainability Mechanism (Regulation (EU) 2021/241).For mountainous areas the sponsorship amount is doubled (100% increase). https://resecfund.org.cy/en/katigoria_2_2021 https://resecfund.org.cy/en/katigoria_3a_2021 https://resecfund.org.cy/en/katigoria_3b_2021

It benefited Energy suppliers; General population