Energy efficiency programme of apartment buildings 2021-2027
The new energy efficiency programme of multi-apartment buildings are open for applications. 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.
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.
