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Subsidy Scheme for Renewable Heat and Energy Efficiency

Submitted by Baerbel Epp on May 21, 2015
On 5 May, the Ministry of Industry, Energy and Tourism approved the so-called PAREER-CRECE programme (Programa de Ayudas para la Rehabilitación Energética de Edificios existents), a support scheme for increasing the energy efficiency of existing buildings. Since this very day, investors of solar thermal systems can apply for grants of up to 20 % of their investment costs.
Further information in the news
 

Country / region

Spain

Name of programme

PAREER-CRECE, a support programme for increasing the energy efficiency of existing buildings (Programa de Ayudas para la Rehabilitación Energética de Edificios existents)

Type of incentive

Nonrefundable direct subsidy complemented by a loan

Eligible technologies

  • Improving a building’s thermal insulation
  • Improving energy efficiency of heating and lighting system (including solar thermal)
  • Replacing conventional with biomass boiler
  • Replacing conventional boiler with geothermal system

Applicable sectors and beneficiaries

  • Any kind of existing building owners (public or private)
  • Communities of House owners in condominiums or apartment buildings
  • Building operators, or licencees
  • Energy Service Companies

Amount of subsidy

Solar thermal systems: granted by 20 % of the eligible investment costs
Insolation measures: 30 % grant
Biomass boilers: granted by 25 %
Geothermal heating plants: granted by 30 %

Loans are offered optional for 70 % of the system costs

Maximum incentive

The maximum amount of subsidy in all four categories in not capped.

The total investment costs of the measures must be between EUR 30,000 and EUR 4 million.

Terms of loan

12 years, interest rate Euribor without additional charge. Security deposit of 20% of the overall loan must be provided.

Requirements for system

Current legislation and other technical requirements from IDAE

Requirements for installation

Current legislation and other technical requirements from IDEA

Finance provider

Institute for Energy Diversification and Saving, IDEA

Total funds

EUR 200 million, the Budget may receive an increase in case there are budgetary availability.

Funding source

Funds for finance energy efficiency and saving for 2013 approved by Royal Decree 14/2010 and national budget.

Effective date

5 May 2015

Expiration date

31 December 2016 or whenever funds run out. In case there are remnant funds up to 31 December 2020

Website

http://www.idae.es/index.php/id.858/relmenu.409/
mod.pags/mem.detalle

Last review of this tabloid

May 2015

Contact

Institute for Energy Diversification and Saving (IDAE)
Madrid, Spain
Phone 0034/913/146673
ciudadano@idae.es
www.idae.es

 

Effective Date: 
May 5, 2015
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