The start of submitting applications to the “Sponsorship project for the installation of a photovoltaic system for charging an electric or plug – in hybrid vehicle ” is announced . The amount of the sponsorship for the installation or expansion of an existing photovoltaic system amounts to €750 per kW, with a maximum sponsorship amount of €1,500 per vehicle.
The Plan was announced on 20/04/2022 in order to give the opportunity to the interested parties to proceed with the implementation of the corresponding investment. The Plan’s budget amounts to €1.5 million and is part of the efforts of the Ministry of Energy, Trade and Industry and the Government in general to promote electrification and sustainable transport.
In addition to the installation of the photovoltaic system, the Plan provides the beneficiaries with the opportunity to purchase and install a charger, convert the electrical installation of the house from single-phase to three-phase and purchase a battery to store the energy produced by the photovoltaic system. Beneficiaries of the plan are natural persons who live in a house and are owners of an electric or plug-in hybrid vehicle.
The Scheme has retroactive effect from 01/02/2022 (date of connection of the photovoltaic system) and will remain open until 20/12/2023 or until the available budget is exhausted.
The amount of the sponsorship for the installation or expansion of an existing photovoltaic system amounts to €750 per kW, with a maximum sponsorship amount of €1,500 per vehicle.
Discretionary costs are financed as follows:
‒ Purchase and installation of a charger, €600.
‒ Conversion of electrical installation of the house from single-phase to three-phase, €450.
‒ Battery purchase/installation, €750 per kWh, with a maximum sponsorship amount per application of €2,000.
The Grant Scheme is included in the Recovery and Resilience Plan “Cyprus to avrio” for the period 2021–2026, and is funded by the EU.
All information about the Plan and access to the application process are posted on the website of the RES and EXE Fund: www.resecfund.org.cy/ev_charging_2022
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