Applications are now open for homeowners interested in participating in the co-financed mortgage loan program of the Recovery Fund, “Upgrade My Home.” The application period started on February 12, 2025, and will remain open until December 31, 2025.
The program offers loans ranging from €5,000 to €25,000, with a fully subsidized interest rate, to support energy efficiency upgrades for existing residential properties through eligible interventions.
Eligible Expenses Include:
✔ Installation of energy storage systems (batteries) for renewable energy sources
✔ Installation of solar panels, small wind turbines, and other renewable energy systems
💡 Good to know: VAT is an eligible expense and is included in the loan amount.
Who Can Apply?
The program is open to individuals who own real estate rights (full ownership, usufruct, or bare ownership) on a primary or non-leased secondary residence. Applicants must not have previously benefited from any other EU-funded energy upgrade program since January 1, 2020.
⚠ Each applicant (based on their Tax Identification Number – AFM) can apply for only one property.
Program Budget & Loan Terms
- The total budget of the program is €400 million
- 75% is financed by the Recovery Fund, while 25% comes from the participating banks’ own resources
- The Recovery Fund loan has a 0% interest rate
- The interest on the bank-financed portion is fully subsidized by the Greek State
How to Apply?
Applications must be submitted through one of the participating banks:
🏦 Alpha Bank, Attica Bank, Eurobank, National Bank of Greece, Piraeus Bank, Cooperative Bank of Epirus, Cooperative Bank of Thessaly, Cooperative Bank of Karditsa, and Cooperative Bank of Chania.
📌 For more details on the program’s terms and application process, click here.
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