The Ministry of Energy, Commerce and Industry announces the commencement of applications to the Grant Scheme for the installation of a photovoltaic system for charging an electric or hybrid vehicle of the plug-in type. The Scheme was announced on April 20, 2022 in order to give the opportunity to the interested parties to proceed with the implementation of the respective investment. The budget of the Scheme amounts to €1.5 million. and is part of the efforts of the Ministry Energy, Commerce and Industry and the Government in general for the promotion of electromobility and sustainable transport.
In addition to the installation of the photovoltaic system, the Scheme enables the beneficiaries 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 scheme are natural persons who live in a home and are owners of an electric or hybrid vehicle of the plug-in type.
The Scheme has retroactive effect from February 1, 2022 (date of connection of the photovoltaic system) and will remain open until December 20, 2023 or until the available budget is exhausted.
The amount of the grant for the installation or expansion of an existing photovoltaic system is €750 per kW, with a maximum sponsorship amount per vehicle of €1,500.
Optional costs shall be financed as follows:
- Purchase and installation of a charger, €600.
- Conversion of the electrical installation of the house from single-phase to three-phase, €450.
- Purchase/installation of a battery, €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_the_tomorrow" for the period 2021-2026 and is funded by the EU.
All information about the Scheme and access to the application process is posted on the website of the RES and ES Fund: www.resecfund.org.cy/ev_charging_2022
Source: PIO