“Save”: Returns without income criteria – what changes in the new programs

Major changes are being introduced through the “Escoonamo” programme, where income criteria are no longer the main factor in evaluating applications.

Three programs will be included in Save this fall:

• the “I save at home” For the general population,
• A Exclusive program for heat pumps
• And one “I save” For poor families.

September is a crucial month for the path of interest rates in both Europe and the US. Yesterday’s announcements on the path of inflation in the US, which fell to 2.9%, reinforced the estimates of those who believe that the fall will start with a decline in the rise in the cost of money.

According to information from the Ministry of Environment and Energy, the new framework gives priority to families with disabled members and large families, while the daily degree system used in the heating allowance will also be adopted. Therefore, families in areas experiencing extreme cold will be given priority and greater support.

The total budget for the Save 2024 programme is around €700 million, plus an additional €170 million from RePowerEU.

The interventions will focus mainly on the installation of heat pumps, a technology strongly promoted by the European Union and expected to become mandatory for new heating systems from 2029. Greece aims to increase the proportion of households using heat pumps from 7% today to 17% by 2029. 2030 and to 91% by 2050.

The programme will also include other subsidised interventions, such as improving thermal insulation, replacing windows and installing hot water systems. For low-income households, €30 million from the Recovery and Resilience Fund will be allocated to improve the energy in their accommodation.

Applications will be evaluated on a priority basis, with support covering approximately 95% of the cost of interventions, with a possible upper limit of €10,000 per beneficiary.

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