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REECL: Grants and Loans for Bulgarian Private Sector

Submitted by Baerbel Epp on February 17, 2012

Since 2005, the Residential Energy Efficiency Credit Line (REECL) 18 loans and grants for private home owners in order to improve energy efficiency in the residential sector. Solar thermal energy installations are eligible for the scheme, too. In summer 2011, REECL has been extended to now run until July 2014 (see http://www.solarthermalworld.org/node/3310). The programme is funded by the European Bank for Reconstruction and Development (EBRD) and shows a budget of EUR 40 million. Another EUR 14.6 Mio million have been made available through the Kozloduy International Decommissioning Support Fund (KIDSF).
 

Country / Region

Bulgaria

Name of programme

 

Residential Energy Efficiency Credit Line (REECL)

Type of incentive

Combination of loans and grants

Eligible technologies

Several types of installations, - such as solar thermal systems or photovoltaic - which support energy efficiency and renewable energies

Applicable sectors

 

Residential sector (individual home owners or associations of home owners)

Amount

Maximum loan available is EUR 51,280 (= 100,000 BGN)

Maximum incentive

 

Incentive grants are coupled with REECL loans. After completing the energy-saving project, the borrower of a REECL loan receives an incentive of up to 20% of the loan for a single home project or up to 35% of the loan for a project undertaken by a home owner group.

 

Requirements for system

Supplier of solar thermal system must be eligible for REECL programme (list available online at http://www.reecl.org/et_sol_w_tbl.php)
Require-ments for installation

Installer must be eligible for REECL programme (list available online at http://www.reecl.org/ei_sol_w.php)

Finance provider

ProCredit Bank Bulgaria

Raiffeisenbank (Bulgaria)

Total funds

 

Loan funds of EUR 40 million from EBRD

EUR 14.6 million from Kozloduy International Decommissioning Support Fund (KIDSF)
Funding sources

EBRD and KIDSF

Effective date

2005

Expiration date

July 2014

Website

www.reecl.org

Last review of this tabloid

February 2012

Contact

REECL Project Office
100 Maria Luisa, fl.4, office 5
Sofia, 1202
Bulgaria

info@reecl.org

00359/2 813 3253

Effective Date: 
January 1, 2007
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