“I SAVE 2021”: POMIDA ANNOUNCEMENT FOR HOME OWNERS, LESSORS AND BUYERS!

Rent-free housing:

If the tenant accepts and allows the performance of the energy upgrade works of his -main- residence, the lessor – full owner or usufructuary – can submit an application for a renovation subsidy according to the “SAVE” Guide, based on his income criteria, which subsidy ranges from 40 % – 65% (table 2.2.2 p.25 of the Guide).

Dwellings acquired within 2021:

The program can now include homes bought or acquired within 2021, which in the original text of the Guide were excluded from the subsidy, because 2020 was considered as the base year, with the important fact that the most suitable time to carry out the works by the buyer is immediately after the purchase of a house, when it is usually empty.        

Vacant homes:

The landlord – full owner or usufructuary – of a residence that during 2020 and the two previous years was used as a main residence, either rented, owned, or granted free of charge, and is currently vacant, or will soon be, may submit an application for an energy subsidy upgrading of this residence, with the important fact that the most appropriate time to carry out the relevant works is when it is vacant. 

Interesting general settings for housing upgrades:

* Short-term rental homes, or those used as a business home, are not eligible to participate in the program.

*The main use of the home is recorded in the data of the income tax return of the user within the last three years, with priority in the reporting year (tax year 2020). If for the reference year the property was not in use (empty), then the two previous tax years (2019 and 2018) are taken into account. This applies to all main residences (whether rented or owned).

* The provisions of Regulation 1407/2013 of the
EU Commission apply to rented residences for de minimis aid, where the
accumulation limits of subsidies (€200,000) are determined. The Beneficiary (full owner, usufructuary) is required to submit a declaration of compliance with the de minimis regulation, as it applies from time to time, as well as the presentation of corresponding statements from the other co-owners (full owner, usufructuary).

* In addition, in case of several program applications to the same person, the total amount of the aid (grant, interest subsidy and gross equivalent grant – AIE) cannot exceed €80,000 including all of his applications. The relevant Responsible Declaration is annex XI of the Guide.

*If the upgrade concerns an entire apartment building, the subsidy rate increases by 10 units.

POMIDA expresses its thanks to the Minister of Environment and Energy, Mr. Kosta Skrekas, because in response to its relevant requests, in the “SAVE 2021” Guide that he gave to publicity, there is a significant increase in the subsidy rates for rented homes, from 40% to up to 65%, as well as the possibility of subsidizing homes purchased within 2021.

Unfortunately, no “SAVE” can alone effectively deal with the flurry of mandatory upgrade measures – in other words complete obsolescence – of buildings that will be announced on 14.12 by the European Commission, which we revealed in our letter yesterday. In view of these, we inform owners, lessors and home buyers of the following:

Rented-free homes:

If the tenant accepts and allows the execution of the energy upgrade works of his -main- residence, the lessor – full owner or usufructuary – can submit an application for a renovation subsidy according to “SAVE” guide, based on the same income criteria, which subsidy ranges from 40% – 65% (table 2.2.2 p.25 of the Guide).

Homes acquired within 2021:

Homes purchased or acquired within 2021 can now join the program, which in the original text of the Guide were excluded from the subsidy, because the base year was considered to be 2020, with the important fact that the most suitable time to carry out the works by the buyer is immediately after the purchase of a house, in which case it is usually empty.        

Vacant homes:

The landlord – full owner or usufructuary – of a residence that during 2020 and the two previous years was used as a main residence, either rented, owned, or granted free of charge, and is currently vacant, or will soon be, may submit an application for an energy subsidy upgrading of this residence, with the important fact that the most appropriate time to carry out the relevant works is when it is vacant. 

Interesting general settings for housing upgrades:

* Short-term rental homes, or those used as a business home, are not eligible to participate in the program.

*The main use of the home is recorded in the data of the income tax return of the user within the last three years, with priority in the reporting year (tax year 2020). If for the reference year the property was not in use (empty), then the two previous tax years (2019 and 2018) are taken into account. This applies to all main residences (whether rented or owned).

* The provisions of Regulation 1407/2013 of the
EU Commission apply to rented residences for de minimis aid, where the
accumulation limits of subsidies (€200,000) are determined. The Beneficiary (full owner, usufructuary) is required to submit a declaration of compliance with the de minimis regulation, as it applies from time to time, as well as the presentation of corresponding declarations from the other co-owners (full owner, usufructuary).

* In addition, in case of several program applications to the same person, the total amount of the aid (grant, interest subsidy and gross grant equivalent – AIE) cannot exceed €80,000 including all of his applications. The relevant Responsible Declaration is annex XI of the Guide.

*If the upgrade concerns an entire apartment building, the subsidy rate increases by 10 units.