43.5 million euros have been provided for energy efficiency projects for Serbian households

, News

The Ministry of Mining and Energy invited all interested parties to public consultations on the project “Clean Energy and Energy Efficiency for Citizens in Serbia” (SURCE project).
It is a 50 million dollars project financed by a World Bank loan, aimed at improving accessibility for energy efficiency, sustainable heating and solar panels on roofs of houses in Serbia, as well as creating a sustainable model funding to increase the use of “green” energy in households.
The project is two-component. The first component, worth 45 million dollars and 38.4 million dollars, respectively, will support investments in energy efficiency, sustainable heating and rooftop solar panels in single-family homes, with a focus on lower-income households living in single-family homes.
Funding will include insulation of external walls, replacement of windows and external doors, improvement and insulation of roof, installation of balancing / control valves, replacement of boilers, fuel replacement, installation of solar panels for domestic hot water and solar photovoltaic panels for electricity generation.
The investments will be financed through partial grants offered by the Energy Efficiency Administration, implemented through selected local governments, and through partial grants offered by local governments directly as co-financing of the project by the loan beneficiary.
In terms of investing in energy efficiency and sustainable heating, according to documents available to the public, the project will give priority to “easy” and “standard” building renovation packages, due to their higher cost-effectiveness, but will not exclude ready-made households to fund only some measures.
“Light” renovation packages are estimated at around 2,000 euros per household and include replacement of windows and doors and roof insulation. It is estimated that “standard” renovation packages will cost around 7-8,000 euros per household and include wall insulation, boiler replacement and heating network replacement / improvements, in addition to the measures included in the light package. “Advanced” renovation packages cost around 12 -13,000 euros per household and include heat pump, solar photovoltaic system and solar collector, in addition to the measures included in light and standard packages (excluding boiler replacement).
It is added that additional criteria for selection and priorities will be adopted within family houses (eg household income, if possible, age and structural / type of house construction, number and classification of beneficiaries).
The minimum share of the grant will be 50% of the total costs, which corresponds to the share currently offered in the pilot project implemented by the Ministry of Energy, at least for the initial phase of the project. It is also stated that the share of the grant will be increased based on the type of intervention (eligibility of investments), as well as to increase the participation of local governments with lower incomes.
Component 2 will support the development of scalable financing mechanisms and the removal of market barriers, and 5 million euros will be allocated for that.
Three subcomponents are provided here. The first will finance one million dollars to strengthen the capacity of the local market, improve the environment and raise public awareness, which includes the development of regulations related to energy efficiency, sustainable heating and energy from solar panels on roofs and market development and capacity building for local construction companies, energy service companies, commercial banks and local governments to review, design, finance and implement green energy measures.
The second subcomponent of 1.05 million dollars will fund technical studies related to the project, while the third of 2.92 million dollars will support activities related to the implementation of the proposed project, ie support for the procurement of project equipment, logistics and salaries of project consultants.
It is pointed out that the SURCE project will show a number of additional cumulative benefits of these green investments, including reduction of air pollution, increased energy security, job creation and increased competitiveness of the economy.
Also, according to the documentation, his goal is to lay the foundations for the development of the private sector for investments in energy efficiency and clean energy in Serbia, eKapija reports.