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Cyprus Increases Subsidies to Drive Renewable Energy Adoption


Under this initiative, the subsidy for homes with vulnerable electricity consumers is increased from €1,000 to €1,250 per installed kW of photovoltaic, with a maximum subsidy amount of €6,250, up from €5,000 previously. This adjustment is calculated based on historical data to ensure approximately 100% sponsorship.

Furthermore, in a move to facilitate a smooth transition and maintain fairness in the market, the Council of Ministers has decided to extend the existing “Sponsorship Plan to encourage the use of Renewable Energy Sources and Energy Saving in residences.”

The extension of the application submission period for the existing scheme varies across categories:

  • CATEGORY 1: Roof Thermal Insulation – Extension up to 1 month after the approval of the new Grant Scheme.
  • CATEGORY 2: Roof Thermal Insulation combined with Photovoltaic System installation – Extension up to 3 months after the approval of the new Grant Scheme.
  • CATEGORY 3A: Installation of Photovoltaic System – General Category – Extension up to 3 months after the approval of the new Grant Scheme.
  • CATEGORY 3B: Installation of Photovoltaic System in homes of vulnerable consumers – Extension until the approval of the new Grant Scheme.

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