The green investment scheme “Support for renovation of apartment buildings”

The objective of the assistance is supporting the reconstruction and renovation of apartment buildings for achieving indoor climate and energy efficiency and improving the energy-performance label grade as well as using renewable energy in the existing apartment buildings by supporting the investment made for the reconstruction.

The support is aimed at apartment associations, building associations and communities of apartment owners and funded from trade in assigned amount units under article 17 of Kyoto Protocol to the United Nations Framework Convention on Climate Change.

The renovation project must be in accordance with the results of the energy audit and leading to at least 20% of energy savings. The limit of financing of support is a percentage of the cost of the project, depending on the level of complexity of the reconstruction of the apartment building. The rates of support for project are 15%, 25% or 35% of the cost of the project.

The following costs related to the reconstruction of an apartment building are supported:

• costs related to the reconstruction and insulation of the facade of the apartment building;
• costs related to the reconstruction and insulation of the roof of the apartment building;
• costs related to the replacement of windows and entrance doors of the apartment building;
• costs related to the thermal insulation of the cellar ceiling of the apartment building;
• costs related to the thermal insulation of the roof ceiling of the apartment building;
• costs related to the replacement, reconstruction or balancing of the heating system of the apartment building;
• costs related to the replacement of the ventilation system by a new system with heat return or reconstruction of the ventilation system of the apartment building;
• costs related to the installation of the equipment for the use of renewable energy by the apartment building;
• costs of the finishing works of the publicly used premises of the apartment building, if it is an integral part of the reconstruction works;
• costs related to the building design documentation and owner supervision of the reconstruction of the apartment building;
• costs related to the partial or full reconstruction of the control system and/or drive of the elevators of the apartment building and the works contingent to it.

Application for assistance
Upon application for assistance under this procedure the application will be submitted to the bank granting the renovation loan together with the application for the renovation loan. In case if the applicant has appropriate self-financing and does not use the renovation loan for it or if application for assistance if for applied for the reconstruction works of an apartment building built after 1993, the application is submitted to KredEx.

Conditions for paying out the assistance
The payments of assistance will be made to the final recipient according to the conditions specified in the decision satisfying the application and the contract of allocating assistance.
 

The prerequisites for paying out the assistance are:

• by the time of paying out the assistance the reconstruction works have been carried out in the volume, which corresponds to the cost of the part of the project not covered by assistance, 65%, 75% or 85% correspondingly;
• the final recipient has been granted renovation loan for the reconstruction works in the total amount or it has used self-financing in the corresponding part or other funds