Government incentives
The Cyprus RES and Energy Conservation Fund is the primary financial mechanism designed to help the country achieve its national renewable energy and energy conservation targets. Its core mission is to provide financial incentives, in the form of subsidies and state grants, to both individuals and businesses investing in energy efficiency improvements and renewable energy technologies. The Fund aims to upgrade the energy efficiency of the existing building stock, lower everyday energy costs, and improve the overall quality of life for citizens.
The Fund has had a substantial impact on the promotion and adoption of renewable energy across the island. For instance, between 2019 and 2020 alone, the Fund received over 5,200 applications for general public photovoltaic installations and over 1,400 applications specifically from vulnerable electricity consumers. Its structured support schemes have been highly successful, driving the deployment of thousands of new residential PV systems across Cyprus, significantly increasing the country's solar capacity.
Currently, the primary active government support mechanism is the “Save and Upgrade in Homes 2026” scheme. This program is designed for older homes and funds comprehensive energy-saving packages—combining photovoltaics, insulation, battery storage and more —aimed at reducing the home's total energy consumption by at least 60%.
Meanwhile, the Government is finalizing its next steps for upcoming standalone PV and battery storage programs tailored to the new Net Billing framework. By consulting with S-PRO today, we can evaluate your property and prepare your documents so you are first in line when the new solar grants open. Once new schemes are officially announced, we will immediately update this page with all the relevant details. For now, you can check the Fund's official website:
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