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Zero-interest loans programme for solar collectors and other retrofit measures

Submitted by Baerbel Epp on June 26, 2017
Since April 2017 house and apartment owners in Hungary can apply for zero-interest loans over up to 20 years for improving building efficiency and installing renewable energy systems.  An article from 28 April on dailynewshungary.com stated that as many as 20,000 homeowners would profit from the credit line over the next years. 
 
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Country / Region

Hungary

Names of programs

Loan scheme of Hungarian Development Bank (MFB)

Type of incentive

Interest-free loans

Eligible technologies

Solar thermal systems, heat pumps, biomass boilers, photovoltaics, increased insulation, windows and lighting system

Applicable sectors

Residential sector (house and apartment owners) and homeowners association

Amount

Interest-free loans to be repaid over up to 20 years (10 % own capital)

Maximum incentive

Loan covering total investment costs

Require-ments for system

n/a

Finance provider

Hungarian Development Bank (MFB)

Total funds

HUF 115 billion (EUR 370 million) until 2020

Funding sources

European Structural and Investment funds (ESI)

Effective date

24 April 2017

Expiration date

31 December 2022

Website

https://www.mfbpont.hu/lakossagi-hiteltermekek

Last review of this tabloid

June 2017

Contact

Hungarian Development Bank (MFB)
1051 Budapest
Hungary
Phone: 0036 1 428 1400
Email for general requiries: mfb@mfb.hu
Questions regarding the credit scheme can be posted via:
https://www.mfbpont.hu/visszahivast-kerek-termekrol

 

Effective Date: 
April 24, 2017
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