"Exoikonomo" 2025

Grants – Subsidies (Greece only)
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"Exoikonomo" 2025

Beneficiaries – Incentives

The following are eligible to participate in the Program: legal entities που έχουν εμπράγματο δικαίωμα (πλήρης κυριότητα / επικαρπία / ψιλή κυριότητα) σε επιλέξιμη κατοικία, καθώς και οι μισθωτές που μισθώνουν επιλέξιμη κατοικία με ενεργό μισθωτήριο συμβόλαιο με υπολειπόμενη διάρκεια τουλάχιστον επτά (7) ετών κατά την υποβολή της αίτησης στο πρόγραμμα.

In the event that there are multiple beneficiaries of real rights (condominiums) in an eligible residence: if the main use of the residence under application is by one of the co-owners, only the co-owner who owns it has the right to participate in the Program. If the main use of the residence under application concerns another person who is not a co-owner (free concession / rental), any of the co-owners with a real right of full ownership / usufruct (not small ownership) has the right to participate in the Program.

For the legality of the residence, the applicant must provide the relevant legal documents.

The main use of the residence is recorded in the user's income tax return data within the last three (3) years, with priority given to the reference year (2023).In the event that the information in the income tax return for the reference year indicates that the property was not in use (empty apartment, empty detached house) in the tax year in question, corresponding supporting documents will be used to certify the main use of the residence, one of the two previous tax years. If the residence was acquired after 31.12.2023 (recent acquisition of property), a written commitment for the main use of the residence will be requested.

The provisions of EU Commission Regulation 1407/2013 on de minimis aid apply to rented/freely provided housing, where the cumulation limits are set (200,000 Euros).

Short-term rental properties are not eligible.

Only one application may be submitted for each eligible individual. The same individual may only apply for one of the two cycles of the Program.

The maximum grant percentage for an application is defined as follows:

Table 2.2.2 Subsidy

I)For Individual Income (€) ≤5,000 or Family Income (€) ≤10,000

Beneficiary Category Grant Percentage Program budget
1. Victims of Thessaly – Earthquake victims of Arkalochori* 100% 54.760.368,66 
2. Other beneficiaries 95% 114.084.101,38 

II) For Individual Income (€) >5,000 or Family Income (€) >10,000

Beneficiary Category Grant Percentage Program budget
1. Families with a disabled member/members 80% 27.380.184,33 
2. Victims of Thessaly – Earthquake victims of Arkalochori* 80% 36.506.912,44 
3. Families with four (4) or more dependent children 65% 18.253.456,22 
4. Other beneficiaries 50% 145.114.976,96 

The subsidy percentage refers to the eligible intervention budget. For the remaining percentage up to 100% of the eligible intervention budget, there is the possibility of granting a loan with an interest rate subsidy based on the relevant request of the Beneficiary, or payment with Own Funds, or a combination of the above.

The cost of the two energy inspections, the cost of the project consultant, the cost of preparing the Electronic Building/Shared Ownership Identity, as well as any other study costs, are fully covered by the Program.

Subsidized Housing

It is noted that under no circumstances are properties of the building that are not used for residence (e.g. a shop on the ground floor of a building) eligible.

A residence, in order to be considered eligible, must meet the following general conditions:

    • It exists legally.
    • It has not been deemed destructible.
    • It is used as main residence.
    • It has been classified based on the First Energy Performance Certificate (A’ PEA) in category lower than or equal to C.

Only one application must be submitted for each eligible residence. An application may be submitted for the same eligible residence in only one of the two cycles of the Program.

It is noted that, due to the electronic cross-checking of the residence details entered in the application with the corresponding details declared to the tax authority,it is necessary in the tenant's income tax return (E1), if there is a lease/free concession of the main residence and in the detailed statement for real estate rentals (E2),as well as the property details declaration (E9) must fully and correctly include the electricity supply number of the property.

For each eligible residence, the proposal for energy upgrade must cover the minimum energy-environmental target of mandatory upgrade by at least 3 energy categories in relation to the classification in the A’ PEA (and mandatory in category B at least when it comes to radical renovation), in order to ensure primary energy savings of more than 30%.

Eligible Expenditures

The start date for eligibility of expenditure is defined as 01/02/2020  under Regulation (EU) 2021/241 establishing the Recovery and Resilience Facility. Projects which, based on the submitted expenditure documents, have been physically completed or have been fully implemented by the date of submission of the application are not eligible.

Only interventions completed after the issuance of the First PEA can be considered eligible for the Program and in any case the expenses must have been incurred from 01/01/2022 (eligibility start date) onwards.

It is clarified that, within the framework of the requirements of the Program, PEAs issued after 27.11.2017 (date of activation of the information system for issuing Energy Performance Certificates based on the KEnAK approved by decision DEPEA/oik. 178581/30.06.2017, Government Gazette B’ 2367/12.07.2017) are accepted and before 01/01/2022, as well as studies and Approvals for Small-Scale Construction Works that have been issued before 01/01/2022, however, their expenditure is not eligible by the Program.

The interventions submitted with the application for inclusion in the Program are based on the recommendations of the Energy Inspector and concern exclusively the following categories of eligible interventions:

1.Replacement of window frames

2.Installation/upgrade of thermal insulation

3. Heating/cooling system upgrade

4. ZNX System using Renewable Energy Sources (RES)

5. Other Saving Interventions (smart home, lighting upgrade).

The maximum eligible budget for energy upgrade interventions with VAT per Beneficiary application cannot exceed:

a) the product of 1.20 Euro and the total estimated annual primary energy savings (kWh) as derived from the A’ PEA

b) 35,000 Euros

Application submission is expected to be activated on 13/12/2024 and the program is expected to remain open until 20/3/2025.

Evaluation Criteria

The evaluation of applications will take place after the end of the application period based on heating degree days.