Low-interest Loans for Energy Service Providers

June 1, 2015

Since May 2010 Solcasa, a national financing scheme has been offering low-interest loans to Energy Service Companies (ESCOs), which install, operate and maintain solar thermal installations to sell their solar gains to customers, such as hotels or multi-family building owners. The administrator of Solcasa, the Institute for Energy Diversification and Saving, IDAE, has granted loans of EUR 2.723 million to 29 projects totalling 3,23 MW_th until September 2019. Solcasa is ongoing and there are still almost EUR 1.3 million available in funding low-interest loans.

Read news

Country / region	Spain
Name of programme	Solcasa
Type of incentive	Loans scheme
Eligible technologies	Solar thermal technology
Applicable sectors	Energy Service Companies can demand loans for hot water or space heating, cooling
Amount of loand	EUR 20,000 to 250,000 (100 % of the investment costs)
Terms of loan	10 years, 1 year lack, interest rate Euribor + 2.2 %
Requirements for system	Current legislation and other technical requirements from IDAE
Requirements for installation	Current legislation and other technical requirements from IDEA, 39 companies are certified
Finance provider	Institute for Energy Diversification and Saving, IDAE
Total funds	EUR 5 million
Funding source	Public budget
Effective date	13 May 2010
Expiration date	After running out of funds
Website	http://www.idae.es
Last review of this tabloid	September 2019
Contact	solcasa@idae.es

Low-interest Loans for Energy Service Providers

Baerbel Epp

Keywords

Country

Applications

Search again

Search by keyword

Market Drivers

Applications

Country/Region