September 30, 2023

Athens News

News in English from Greece

Don’t Miss Your Chance: 4 Home Improvement Programs Consumers Should Know

Greece is currently running four programs with a total budget of almost 800 million euros to modernize energy and housing, as well as refurbish equipment.

These are the programsΕξοικονομώ 2023“,”Εξοικονομώ – Ανακαινίζω» για νέους, «Ανακυκλώνω – Αλλάζω Θερμοσίφωνα” And “Φωτοβολταϊκά στη Στέγη”, which have already aroused considerable interest among the beneficiaries who have applied for participation.

1. Subsidized program “Εξοικονομώ 2023” has a budget of 300 million euros, of which 60 million is allocated exclusively to vulnerable households, with the aim of combating energy poverty. This is the first program for the energy modernization of homes established by the state and announced in various versions since 2009. The application platform ( will open on 12 June and will accept applications until 15 September.

Subsidized housing upgrades include:

  • Frame replacement.
  • Installation/improvement of thermal insulation.
  • Modernization of the heating/cooling system.
  • Hot water supply system (DHW) using renewable energy sources (RES).
  • Other energy saving measures (installation of a smart home control system, electronic control systems for electrical loads, smart heating / cooling control systems, as well as remote control and monitoring systems).

Financial assistance varies from 40 to 75%, depending on the income of the person concerned.

2. Already announced program “Εξοικονομώ – Ανακαινίζω για Νέους”and the program’s online platform ( will be open until September 15. The program enables 20,000 young people aged 18 to 39 to improve energy efficiency and renovate their homes.

This program is divided into two subsections:

A) “Εξοικονομώ” with a budget of 200 million euros, of which 40 million euros is allocated to exceptionally vulnerable households, concerns energy saving measures such as window replacement, thermal insulation, heating-cooling systems, hot water systems and smart home. The eligible budget for an application under “Εξοικονομώ” is up to 22,500 euros. The program covers between 45% and 90% of the amount of eligible energy interventions, and the remaining amount can be covered by an interest-free loan.

b) “Ανακαινίζω” has a budget of 100 million euros and includes renovations such as renovating bathrooms and kitchens, replacing the front door, replacing and repairing electrical and plumbing installations, and floors. Assistance (real budget) is up to 10,000 euros. The program covers up to 30% of the amount of repairs (ie up to 3,000 euros), and the remaining amount can be covered by a low-interest loan (up to 7,000 euros).

The main condition for inclusion in the subsection “Ανακαινίζω” is compulsory inclusion first to the subsection “Εξοικονομώ”.

3. Program “Ανακυκλώνω – Αλλάζω Θερμοσίφωνα”

Electronic site of the program “Ανακυκλώνω – Αλλάζω Θερμοσίφωνα” ( opened May 11 and will run until June 20. The program is expected to provide 120,000 Greek households with a subsidy to replace energy-intensive electric water heaters with new, state-of-the-art solar water heaters. The benefit for them and for the environment will be the reduction of at least 200 thousand tons of CO2 per year. It is also estimated that electricity consumption for hot water use should be reduced by about 65%.

In order to receive a subsidy for the purchase of a new solar water heater, it is necessary to “write off” (turn in) the old water heaters, which must be in working order. Criteria: The income limit per family member is 30,000 euros per year and the subsidy is up to 60% of the purchase price of a new solar water heater. Installation costs are also included in the maximum grant amount for beneficiaries.

4. Program “Φωτοβολταϊκά στη Στέγη”

The program opened on 2 May and the application platform ( will remain open until 30 June 2024 or until the available resources are used up. The main condition for applying is that the applicant has already concluded a connection agreement with ΔΕΔΔΗΕ, but the photovoltaic plant has not yet been connected.

In addition, households must install batteries, and farmers are given the option to install a photovoltaic plant with or without a battery. The PV subsidy starts at 45% and goes up to 75% for households. The corresponding percentages for farmers are 40-60%, and the total subsidy for a solar panel system can be up to 16,000 euros for households and 10,000 euros for farmers. The total budget for the program is 238 million euros from the Recovery and Stability Fund.

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