Incentive Grants

Incentive grant support is available from the REECL Programme in conjunction with the personal loan financing from the Participating Banks.

In case of compliance with the terms and conditions of the REECL Programme, householders are entitled to receive payments up to 20% or 30% of the total amount financed by a Participating Bank toward implementation of their eligible energy efficiency home improvement projects, provided that the incentive grants payable in respect of each eligible energy efficiency measure do not exceed the maximum amount set forth in the table below and the total incentive grant per borrowing householder do not exceed the cap of €2000.

Energy Efficiency Home Improvement Measures	Incentive Grant Cap per Measure in Euro
Energy efficient windows	€350
Wall insulation	€450
Roof insulations	€350
Floor insulations	€350
Efficient biomass stoves and boilers	€600
Solar water heaters	€600
Efficient gas boilers	€600
Heat Pump Systems	€600
Home Energy Efficiency Project:	€2000

Borrowers are eligible to receive up to 30% when they, as residents of apartment blocks, join together to pursue energy efficiency measures that have an impact on the whole building and at least 50% of the residents make use of REECL loans borrowed from the same Participating Bank. To qualify for the group incentive of up to 30%, Borrowers should occupy separate dwelling units in the apartment block. A notarised deed is an acceptable proof of existence of a separate dwelling unit.

Householders must apply for their incentive grants upon successful completion of the home energy efficiency project financed by a personal loan written by a Participating Bank.

Householders should print off the Incentive Grant Application Form and submit it to their Participating Bank with the required supporting documents including a completion statement and an original invoice that contains at least: date, name, address of the supplier/installers; technical specifications and details (including price) of the eligible equipment and materials installed; name, and address of the householder, and status of payment.

Terms and conditions apply - these are detailed on both personal loan and incentive grant application forms.