Save Energy - Change Device for Businesses

Save Energy - Change Device for Businesses

Program dates

Start date: 22/02/2024

Expiration date: 15/05/2024

Applications are now open for the "Save Energy - Change Device for Businesses" action. The purpose of the program is to improve the energy efficiency of businesses and reduce primary energy consumption and consequently carbon dioxide emissions. The action subsidizes small businesses with 50% and medium-sized businesses with 40%. The subsidized amount cannot exceed €10,000.

The de minimis regulation applies to the action.

The total budget is 105.6 million Euros and will be implemented within the framework of the "Saving-Operating" action of the National Recovery and Resilience Plan "Greece 2.0", with funding from the European Union - NextGenerationEU.

All applications that are successfully submitted are selected either until the Program's available public expenditure is exhausted, or until all applications are covered, if the corresponding public expenditure is sufficient. For the needs of the Program, the direct evaluation method (First in-First out) was chosen.

Eligible Businesses

The program concerns companies that:

  • They operate in the Greek Territory with a Greek VAT number.
  • They are active on the date of submission of the application to participate in the Program.
  • They have been established/constituted until 31.12.2023
  • They constitute a legal entity (Public Limited Company, Limited Liability Company, Limited Partnership or Limited Liability Company, Social Cooperative Enterprise, Cooperative) or Sole Proprietorship and keep simple or double-copy books
  • They are not in bankruptcy, liquidation or receivership

In order to submit the application, the applicants are required to have issued the 1st Energy Performance Certificate (PEA) (or the Energy Audit if required based on the expenditure categories) of the installation implementing the investment or to submit it within 20 days from the moment of submitting it temporarily submitted application for participation.

For each application that will be submitted under the program, the minimum reduction target is to reduce estimated greenhouse gas (GHG) emissions (specifically through a reduction of estimated carbon dioxide (CO2) emissions by at least 30%. It is noted that the senior target is mandatory and should be documented through a second issue of an Energy Performance Certificate (PEA) (or the Energy Audit if required based on the expenditure categories) and by extension applications that do not meet it are rejected from the final aid request evaluation process.

Eligible Expenses

Equipment Costs:

  1. purchase cost of one (1) new heating system using heat pumps,
  2. purchase cost of one (1) new solar heating system,
  3. purchase cost of smart devices for measuring energy consumption (behind the grid meter).
  4. costs of other energy saving interventions

Service Charges:

  1. cost of carrying out the necessary additional work for the installation of the new equipment (e.g. cost of transportation, installation, configuration of the New equipment (heat pump, solar thermal system, solar heating system, smart meter, etc.)),
  2. expenditure for the issuance of two (2) Energy Certificates, (Energy Performance Certificates (EPCs)) for the facility implementing the investment declared in the application. It is pointed out that the submitted 2 PEAs should have been issued by different Energy Inspectors. In any case, the legislation on the Incompatibility of energy inspections should be observed,
  3. expenditure for the implementation of an Energy Audit (before the start of the investment and following it, respectively the procedure for the PEAs), which is eligible, only in the case where there are expenses from the category of expenses of other energy saving interventions (in this case the PEA expense). Please note that the 2 Energy audits should have been issued by different Energy Auditors.

The time period for submitting applications is until the budget is exhausted

More information