The Ministry of Energy, Trade and Industry is in the process of preparing a Sponsorship Plan for the replacement of electrical appliances in the homes of vulnerable electricity consumers, following and announcement made by Minister Natasa Pilides.
According to an official announcement, 5 million euros will be earmarked to provide financial incentives in the form of subsidies in order to encourage the replacement of energy-intensive electrical appliances in the homes of vulnerable electricity consumers.
Upgrading to new, more energy efficient models are often worthwhile and can help vulnerable consumers take a bite out of their electricity expenses.
Eligible appliances include refrigerators/freezers (up to 1 per applicant), washing machines (up to 1 per applicant) and/or air conditioners (up to 3 per applicant).
Installation costs for air conditioners will also be covered under the incentive plan provided that the installer is registered under the Register of Installers of Technical Systems of Buildings.
It is important to note that once appliances are replaced, beneficiaries are required to turn in their old appliance for recycling, and request proof in the form of a certificate signed by the supplier/installer in order to avail of the subsidies. "By signing the certificate, the supplier/installer will undertake to deliver the old device to licensed electrical and electronic waste managers," the Ministry of Energy said.
Only purchases made after the date of the announcement of the financial incentive plan will be eligible.
More information can be found on www.meci.gov.cy and www.resecfund.org.cy.
Having older and less energy efficient appliances can contribute to a highger electricity bill every month. Upgrading to new, more energy efficient models are often worthwhile and can help vulnerable consumers take a bite out of their electricity expenses.