- The “Save for Young People”, which includes energy saving interventions, such as window replacement, thermal insulation, heating-cooling systems, hot water supply systems water supply and smart home, and
- The “Renovate for Young People”, which includes renovation interventions such as bathroom and kitchen renovation, entrance door replacement, electrical and plumbing replacement and repair installations but also floors. A basic condition for joining the “Renovate” leg is to join the “Save” leg first.
< All young people born from 01/01/1984 to 12/31/2005, with a family income of up to 50,000 euros, have the right to participate in the program. I save" and up to 20,000 euros for their inclusion in "Renovate".
Additionally, the beneficiaries should be:
- Owners of the property, with any right in rem and owning it, or being full owners, or usufructuary and renting it out, to join “Save for Youth”.
- Owners of the property in full ownership and 100% rate to join Renovate for Youth.
The Save – Renovate for Youth Program covers eligible expenses up to 35,000 euros, for the energy upgrade and renovation of a residence. Specifically:
- Eligible “Save for Youth” budget:Up to 25,000 euros. The program covers from 45% to 90% of the amount of eligible energy interventions, while the remaining amount can be covered by an interest-free loan.
- Eligible “Renovate for Youth” budget:Up to 10,000 euros. The program covers up to 30% of the amount of eligible renovation interventions while the remaining amount can be covered by a low-interest loan of up to 7,000 euros.
The percentage of the subsidy is graduated, depending on the income category to which the applicant belongs and is defined as follows:
Income criteria:
A residence, to be considered eligible, must be a single-family house or detached apartment and:
- To exist legally.
- Not to have been deemed to be demolished.
- To be used as a main residence.
- To have been classified in an energy class category lower than or equal to C, basis of the Energy Performance Certificate (PEA).
The goal of the program is to save primary energy by at least 30%
strong> and the upgrade of the energy category based on PEA by at least three energy classes compared to the existing classification. The submission and applications to the Program will be managed on a platform of the Ministry of the Interior. The Minister of Environment and Energy, Kostas Skrekas, stated: “The Prime Minister announced to the D.E.T. the Government’s comprehensive plan for the new housing policy, “My house!”. In implementation of this announcement, we are putting the “Save – Renovate for Young People” program on track, with a budget of 350 million euros, giving appropriate financial incentives to young people aged 18-39, in order to upgrade their homes energy-wise and renovate. We create the necessary framework for our young people to reduce energy costs at home, with targeted energy interventions, and to acquire a modern home, which is a prerequisite for a better quality of life. We stand by the young people who are starting their lives and we provide solutions to the practical problems they face, at a difficult time, in the midst of the energy crisis”. The General Secretary of Energy and Mineral Raw Materials, Alexandra Sdoukou, stated: “From today the “family” of the Economies programs is growing. As part of the government initiative “My home!” today we present the new action “Save – Renovate for Young People” which provides the possibility to young people aged 18 to 39 years not only to upgrade their home energetically but also to renovate it, aiming for an integrated result, with a view to improving quality life and the low environmental footprint. Like the previous programs, this one has a special social character. That is why we subsidize with an additional 15% the eligible interventions in the very small areas, taking into account the particular difficulties that exist. ‘Save – Renovate for Young’ reflects the further expansion of the scope of building energy upgrade programs beyond primary residences and public buildings. It comes in continuation of the pre-publication of the “Save-Operate” Guide, which focuses on small and medium-sized service, trade and tourism businesses. And our effort on the energy conservation front continues on many levels, as it is a key tool to reduce energy costs while addressing climate change”. See here the entire guide of “Save – Renovate for Young People”
