Energy efficiency programme of apartment buildings 2021-2027
The new energy efficiency programme of multi-apartment buildings was opened for applications on April 3, 2025. The programme is implemented in accordance with Cabinet of Ministers regulations no. 880 and EU Cohesion Policy Program 2021- 2027. The total amount of programme is EUR 173 million.
Since all available funds allocated for programme have already been reserved through submitted applications, ALTUM will no longer accept new applications starting from May 13, 2025.
Currently, project applications can still be submitted in the pre-fabricated wooden panels programme and Latgale Planning Region programm, where apatments buildings can implement projects aiming to achieve 10–29% primary energy savings.
Main conditions of the programme:
- Buildings with three or more apartments are eligible for this support
- Building has to reach at least 30% primary energy savings after renovation or 10% to 29% primary energy savings if building is located in the Latgale planning region
- Projects can receive either a loan from a commercial bank for eligible costs that is supported with an ALTUM guarantee (up to 80% of eligible costs), or a loan from ALTUM. In both cases projects are eligible for a capital rebate of 40-50% of eligible costs after the project is completed and energy saving target is achieved
- Projects have to be completed by March 2029.
The amount of capital rebate from the loan for eligible costs of the project, including VAT, is:
- 50 % if at least 30% primary energy saving is achieved and if prefabricated wooden panels are fully installed. The first 10 projects that will reserve a capital rebate for building renovation with prefabricated wooden panels will be granted an additional capital rebate of 20%, but not more than EUR 150 000 for eligible costs per project
- 50% if at least 30% primary energy saving is achieved and Altum has made decision for at least 3 buildings that are located in the block of multiapartment buildings
- 45% if at least 30% primary energy saving is achieved and if ventilated facade is fully installed
- 40% if at least 30% primary energy saving is achieved
- 40%, but not more than EUR 80 000, if 10% to 29% primary energy saving is achieved and building is located in Latgale planning region.
