News Local Cabinet approves fund to encourage household renewable use

Cabinet approves fund to encourage household renewable use

Cabinet on Thursday approved a new subsidies plan to encourage the use of renewables and energy saving worth €25 million.

According to Energy Minister Yiorgos Lakkotrypis, the plan is divided into three categories:

Roof insulation

The plan will subsidise a single household’s expenses on roof insulation up to 30%, with a subsidy cap of €1,500 per residence. The previous subsidy cap was €1,250.


The budget includes an  subsidy per household €1000 for installing photovoltaics with the use of Net Metering.

Net metering is a system which allows consumers who generate some or all of their own electricity to use that electricity anytime, instead of when it is generated.

Photovoltaics-net metering combination

Those who wish to combine photovoltaics and roof insulation will also receive a subsidy of up to €3,000.

According to the Energy Minister, the photovoltaics plan contains provisions to help vulnerable population groups.

2020 targets

The plans will be funded by the surplus created in the renewable fund, the Minister said.

“We will help repay household investments faster. These investments can lead to up to 80% in savings in the cost of electricity,” Lakkotrypis added.

The plans will also help Cyprus meet its 2020  renewable energy target, he said. “We have achieved around 10% of our targets regarding electricity. We are on a good path. We have to reach 16%”.

Read more:

Top Stories

Cameroon man wanted in connection with attempted robbery (PHOTO)

Police are looking for Tima Acha Edwin, 32, from Cameroon, in connection with inquiries into a recent case of attempted robbery and gun and...

Belgium may need to return to full COVID lockdown

Belgium could be returning to full lockdown if there is no reversal of the surge in COVID-19 infections and hospital admissions, a senior Belgian...

“Flaming Arrow 2020” military exercise kicks off

The Mediterranean island's National Guard on Tuesday kicked-off a three-day military exercise code-named “Flaming Arrow 2020”. The Ministry of Defence said in a statement that...

Greece calls for suspension of EU-Turkey customs union

Greece has asked the European Commission to consider suspending a customs union agreement between Turkey and the European Union due to Ankara’s “continued provocations”...

UN chief to invite Cyprus leaders, guarantors to peace talks in November

UN Secretary-General Antonio Guterres is expected to call all interested parties in the Cyprus issue for a meeting in November now that leadership elections...


Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...


No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...