With this program you can upgrade the energy efficiency of your home with:

1. a grant of up to 75% of the final eligible intervention budget;
2. coverage of:

• the cost of the two energy inspections and the registration of the Intervention Proposal and the Recording of Interventions
• the fee for the preparation of the Building/Divided Property Electronic ID
• the fee of the Technical advisor
• the fee for any issuance of permits/approvals or for the preparation of studies required by the applicable legislation for implementing interventions
• loan file management fees for the prospective beneficiaries of the program

• Option to obtain a loan to cover your personally funded participation

• 100% subsidy on the interest rate
• no fee for the review of your request
• Greek State guarantee* for the 1st income category

*100% for owner-occupied residency and 80% for rent/free concession.

The beneficiaries of the Program undertake the payment of the remaining amount (personally funded participation) through

A) use of their own funds:
B) a loan
or a combination of the above.

• Loan amount: up to €14,850
• Interest rate: fixed 6,50%*. 100% subsidy on the interest rate throughout the loan term
• Loan term: 4, 5, or 6 years
• Advance payment: 70% of the loan amount
• Without mortgage prenotation
• Coverage of loan file management fees for the prospective beneficiaries of the program.
• For the first category of income criteria, the option of State guarantee is provided, which will cover the loan amount 100% for cases of owner-occupied residency and 80% for cases of rent/free concession.

* The levy under Law 128/75, which amounts to 0.12%, is added to the interest rate and is incurred by the Beneficiary.

A residential property, to be considered eligible, must

• be used as the main residence of the beneficiary
• exist legally
• have been classified, as per the First Energy Efficiency Certificate, in an energy efficiency category lower than or equal to C
• have not been deemed subject to demolition

Both detached houses and apartments are eligible residential properties. The eligible interventions arise on the basis of the recommendations of the Energy Inspector during the energy inspection process and concern exclusively the following categories:

• replacement of window frames/shading/ventilation systems
• installation/upgrade of thermal insulation
• heating/cooling system upgrade
• hot water system using Renewable Energy Sources
• other energy saving interventions (smart home systems)

The maximum cost of interventions for a detached house / apartment is €24,750.

Only natural persons who have a full, usufruct, or bare ownership right over an eligible residence can participate in the "Exoikonomo 2023" program 
The maximum subsidy rates are determined on the basis of the classification of beneficiaries in income categories and the use of the residence.

 

Personal income (€)		Family income (€)	Subsidy rate
			Owner-occupied by the applicant	Free concession to other person/Rent
1	≤ 5.000	≤ 10.000	75%	65%
2	> 5.000 - 10.000	> 10.000 - 20.000	70%	60%
3	> 10.000 - 20.000	> 20.000 - 30.000	55%	45%
4	> 20.000 - 30.000	> 30.000 - 40.000	45%	40%
5	> 30.000	> 40.000	40%	40%

The annual personal or family income includes the Total Declared Income, the Exempt and Separate Taxable Income as well as the Added Spread in Fair Expenses of all members of the applicant's family. These incomes result from the Tax Clearance Certificate of the cleared tax return for tax year 2021.
The subsidy rates refer to the eligible intervention budget.
For the remaining percentage up to 100% of the eligible intervention budget, there is the option of granting a loan with a subsidy on the interest rate, based on a relevant request by the Beneficiary.

Applications for participation in the "Exoikonomo 2023" program as well as the relevant loan applications are submitted only electronically exclusively through the Information System (IS) of the official website of the program [ https://exoikonomo2023.gov.gr/ ].

Please note that only natural persons who are certified through the TAXISnet application and have access codes to it can apply for the program.

Through the IS, you will be able to:

• manage your applications
• upload the required supporting documents electronically
• be informed about the progress of your application, as well as the required actions on your part and their corresponding deadlines.

In addition, for the submission of the application and the monitoring of the project, you must cooperate with a Technical Advisor, whose fee is covered by the program after the completion of the interventions and the energy efficiency target is met.

For more information, you can visit the official website of the "Exoikonomo 2023" program: https://exoikonomo2023.gov.gr/

Find out more in the Program guide

The lowest energy target of an application requires a mandatory upgrade by at least three (3) energy efficiency categories, in relation to the classification in the First Energy Efficiency Certificate (and mandatorily minimum category B ́in the case of complete renovation), in order to ensure energy savings of more than 30%.

Only one application may be submitted by each natural person.

The loan instalments are debited automatically to your deposit account with NBG, which you have designated for the collection of instalments to be made.

To keep you duly updated, the Bank sends you quarterly statements of account, either by ordinary mail or only electronically, provided that you are a registered user of the Bank's Internet Banking Service and of the Statements Service, with information about your loan, as well as the amount of the next monthly instalments. If for any reason beyond the Bank’s control the statement is not delivered to you, the instalment will nevertheless still be due for collection, as required under the loan contract. For more information, you can visit your NBG branch.