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Database of financial instruments in RENOVERTY pilot areas

tool
Tool

Database of financial instruments in RENOVERTY pilot areas

14 June 2024
The new RENOVERTY financial database tool, presents an overview of financing mechanisms dedicated to home renovation that are available within the pilot countries of the LIFE project (Croatia, Estonia​, Hungary, Slovenia, Italy​, Portugal, Spain) and that are relevant to the implementation of Rural Energy Efficiency Roadmaps (REERs) within the project.
Roberta D'Angiolella

The RENOVERTY financial database consists of a user friendly Excel sheet giving an overview of the funding schemes available in the RENOVERTY seven countries and allows the user to filter by different criteria. The added value of this tool is that it will be regularly updated throughout the framework of the project, closing at the end of 2025.

The database comes with a report giving an overview of policy and financing mechanisms dedicated to home renovation in the same seven countries. 

The research shows that there are quite vast differences in terms of the availability of adequate funding between pilot areas, despite a common European framework. This is because the adoption of national policies on alleviating energy poverty are far from universal. In some pilot areas, there is financing of up to 100% available if the applicants fulfil certain criteria in terms of their affectedness by energy poverty. 

On the other hand, there are pilot areas where hardly any to no funding is currently available. While other instruments like low interest credits may be available in some of those countries, these instruments might be of little help for households which already have a very limited budget. Therefore, unless substantial funding is available in each of the pilot areas, the implementation of renovation measures might only be possible in a very uncomprehensive manner. Furthermore, many of the investigated financial instruments have a limited timeframe within which homeowners may apply, requiring a lot of resources to inform potential recipients and keep them up to date on possible changes of the terms and conditions.

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Date of release:
06/06/2024
Location:
EC
Price:
Free
Available tool languages :
English
Developer:
RENOVERTY