Overview
Cyprus promotes the implementation of energy efficiency through various policies. A reduced VAT is applied to all energy efficiency interventions, while thermal insulation is supported through a grant under the Support Scheme for RES and Energy Efficiency 2024-2025 and the Energy Efficiency- Upgrading of Domestic Buildings 2024. Apart from that, Small and Medium Enterprises can cover the cost of their energy audits through the Support Scheme Energy Audits in Small- Medium Enterprises.
Summary of policies
- Support Scheme Energy Audits in Small and Medium Enterprises: The Support Scheme subsidises energy audits in small-medium enterprises (buildings, industry, agriculture and transport)
- R.A.A 423/2015: The Decree foresees that all energy efficiency interventions are subject to a reduced VAT.
- Support Scheme for RES and Energy Efficiency 2024-2025: The Support Scheme offers grants for the roof thermal insulation of domestic buildings (combined or not with the purchase of rooftop PV).
- Energy Efficiency- Upgrading of Domestic Buildings 2024: Under this support scheme the purchase and installation thermal insulation in the domestic sector is supported. In any case, the building should be energy upgraded and classified as Nearly Zero Emissions Buildings (NZEB) or reduce the primary energy consumption by 60%
Competent authorities
- MECI
- MinFin
- RESEC Fund
