Exoikonomo 2023

Up to €17,500, depending on the responding category of the program.

Beneficiaries in the first income category must use only their own funds to cover their personal contribution.

7.50%, fixed and 100% subsidized for the entire loan duration plus levy of Law128/75 (today set at 0.12%).

The loan is repaid in monthly interest-bearing installments. Installments are paid automatically every month through your deposit account.

From the first gradual disbursement of the loan until its final disbursement, you pay the full amount of interest on each installment. Following the completion of the project and provided that the energy goal is achieved, and you are entitled to the benefits of the program, the interest you have paid is returned to your account and the interest rate is fully subsidized.

The loan interest subsidy will be automatically stopped in case of late payment of 3 installments of your loan.

The program «Exoikonomo 2025» of the Ministry of Environment and Energy operates under the framework of the National Recovery and Resilience Plan Greece 2.0 with funding from the European Union – NextGenerationEU.

• Program Implementing Body: Technical Chamber of Greece
• Financial Management: Hellenic Development Bank S.A.

• Window frame replacement/Shading systems /Ventilation systems
• Thermal insulation installation / upgrade
• Heating / cooling system upgrade
• Hot water system using Renewable Energy Sources (RES)
• Other energy saving Interventions (installation of energy management systems - smart home), and energy storage systems (batteries)

You can cover the cost of the required improvements using a mix of grant, loan, and/or your own money. People in the first income category must use only their own funds."

The total eligible budget for the implementation of the interventions cannot exceed:

• €35,000
• The product of €1.20 multiplied by the total estimated annual primary energy savings (kWh) as derived from 1st EPC

To find out more about the Exoikonomo 2025 program visit:

• The official website of the program (https://exoikonomo2025.gov.gr)
• The website of the Ministry of Environment and Energy (https://ypen.gov.gr)
• The website of the Implementing Agency (https://web.tee.gr)
  

 

• 100% subsidized ⁽¹⁾ rate, for the entire loan duration
• Full or partial early repayment of the loan, without penalty
• No loan expenses
• No collaterals

⁽¹⁾ The loan interest subsidy will automatically be discontinued in case of late payment of 3 installments of your loan.

"Exoikonomo 2025" Program, benefits from:

• 10,000 yellows ⁽¹⁾ after the final disbursement of the loan  
• yellows reward every month for on-time payment of mortgage installment
• Green Consumer Loan⁽²⁾ with preferential interest rate and zero loan application assessment fee is available, to cover green needs 
• ERGO My Home, home insurance program, from just €12/month ⁽³⁾, with up to 20% savings on ENFIA property tax.  

⁽¹⁾ Yellows will be credited to the account of the main borrower of the loan, who must be a member of the Yellow Rewards Program, up to 45 days after the final disbursement of the loan.
⁽²⁾ Green Consumer Loan is offered regardless of the financing choice of the project, i.e., either with a loan or own funds.
⁽³⁾ The price is indicative for an apartment of 88 sq.m., in Athens, built in 1990, with building coverage of 132.000€ and insurance policy exemptions are applied. Terms and conditions apply.
Piraeus Financial Holdings S.A., acting as an insurance agent, distributes insurance products from the insurance companies it collaborates with, using the network and certified employees of Piraeus Bank

Depending on your income (family or individual) and the program category you belong to, based on the program’s terms, the subsidy on the cost of the interventions is up to 100%. For further information about the grant’s percentages, you can find in Program Implementation Guide.

Exoikonomo 2025 program provides the possibility of granting advance payment to suppliers from the grant, up to 70%, thus immediately paying off a large part of the total cost of the project. This option is activated after the Delegation Decision issuance and loan advance distribution.

Τhe program requires for two energy inspections to be carried out and the respective Energy Performance Certificates (1st & 2nd EPC) to be issued. The total cost of the two energy inspections is fully covered by the program, in accordance with the maximum limits mentioned in the Program Implementation Guide, provided that the application is submitted, and the minimum energy goal of the program is achieved. Please note that the cost of 1st EPC is eligible only if it has been issued by 01/02/2020. EPC issued after 27/11/2017 are eligible for the program, but in this case their expenses are not covered by the program.

For each energy inspection you pay the inspectors' fees with your own money and at the final disbursement of the program their fees are credited to your account, based on the receipts you enter in the Information System. The inspector of the second energy inspection that will take place after the implementation of the interventions (2nd EPC), must be different from the inspector of the first energy inspection (1st EPC). The selection procedure will be carried out under the responsibility and authority of the Technical Chamber of Greece, following a public lottery, in which the relevant legislation on the incompatibility of Energy Inspectors will be observed.

Expenses for any licenses/approvals issued or assessments required by the current legislation on the implementation of interventions (such as fees for the approval of small-scale building works, fees for the approval of approvals for small-scale projects e.g. fees for the study of internal gas installation) as well as the fees for the preparation of the Electronic Identification of Building are covered by the program and are paid upon the final disbursement of the loan. Especially, for the Electronic Identity of the Building, the amount will remain in your account, as you pay for it with your own money when it is issued.

• Use as a main residence
• It exists legally, i.e. it has a building permit or other legal document.
• It is classified based on the First Energy Performance Certificate (1st EPC) in a category less than or equal to C.
• It has not been characterized as demolishable.

• Ownership of an eligible property with any percentage of full ownership / fractional ownership / usufruct.
• Lease of an eligible residence, substantiated by a valid lease agreement with a remaining duration of no less than seven (7) years at the time of the applicant’s submission to the program.
• Coverage of the income criteria set out in the Program Guide
  

Notes:

If there are other co-owners in the eligible residence then:

• only the person who owns the property has the right to participate
• in cases of free concession / rental, the owner has the right to participate with full ownership / usufruct (not fractional ownership), with the consent of the rest
• if the eligible property is vacant, only the owner with full ownership or the usufructuary is eligible to participate
• short-term rental residences are not eligible

The application is submitted only digitally through the Information System of the official web portal of the program (https://exoikonomo2025.gov.gr), at the dates set by the program guide, which may be modified, if it is necessary and be announced on the above website of the Program.

The deadline for application submission is set between 08 January 2025 and 20 March  2025, according to the program guide, being granted an extension until 08 April 2025. 

Brief Program Procedure

1. Online application at the program’s official site https://exoikonomo2025.gov.gr
2. Registration of income and property data in the Program's Information System, conducting automated electronic eligibility checks, recording the required supporting documents, receiving the energy data of the 1st EPC, and submitting a proposal with the costs of interventions and other expenses.
3. Submission of the application to the Program and receipt of a unique protocol number.
4. The total score of the application is automatically calculated based on the evaluation criteria of the Program and ranking provisional lists per region with "eligible" or “for verification’’and “runners-up" applications are drafted.
5. Final Lists of Approved / Runners-up / Rejected applications per P.E. are issued and budget is committed
6. Choice of funding scheme (own funds or loan) within an exclusive deadline of 10 days, from the approval of the Final Lists. 
7. If loan option has been selected (within 60 days from the final lists): completion of required loan application fields & posting of financial pre-approval documents in the Information System, loan evaluation (in 30 days) and financial pre-approval.
8. Declaration of a bank account in the Information System for crediting the grant.
9. Delegation Decision issuance in the Program by the implementary of the Program (Technical Chamber of Greece).
10. Deposition of the grant advance to the declared bank account.
11. Submission of the Electronic Residence Identity only for the “initially eligible” applications, within a deadline of thirty (30) days from the transfer of the grant advance payment to the Beneficiary’s account.
    
12. Attendance at the bank & loan agreement signing within an exclusive deadline of thirty (30) days from the Delegation Decision issuance (If loan option has been selected).
13. Down payment loan disbursement (If loan option has been selected) and suppliers/contractors’ payment, using loan amount or own funds through bank account.
14. Payment of suppliers/contractors by grant advance, according to the orders have been entered in the program's Information System.
15. Implementation of the interventions within 8 months from the issuance of the Delegation Decision (with the possibility of extension up to thirty (30) days) & carrying out a 2nd Energy inspection.
16. Attachment of documentary expenses & other supporting documents in the Information System & file control by the Technical Chamber of Greece.
17. Approval of the project by the Beneficiary (Hellenic Development Bank) total loan disbursement (if loan has been selected) / grant / benefits & repayment of suppliers.
    

 

Financial Loan Pre-approval Documents "Exoikonomo 2025"
 1.  For citizens of the EU member-states:
Valid passport or ID card from your country of origin (in Latin characters). It is required for all loan participants

For non-EU citizens:

• Valid residence permit, for all loan participants
• Valid passport from your country of origin or Special ID Card for Aliens of Greek Descent or Alien’s ID Card (if you are not of Greek descent) for all loan participants.
   
  

2.  Proof of income documentation:
For employees/pensioners:

• Income tax return form of last year for Greek citizens and of the last three years for EU and non-EU citizens
• Income tax statement (E1 form) of the last fiscal year
• For employees, last payroll slip or an official annual income certificate from the employer’s accounting office. The certificate must include all income details (recruitment date, gross and net earnings, social security contributions and tax)
• For pensioners, latest quarterly pension statement or the latest pension payment slip
  

For freelance professionals/ entrepreneurs / farmers:

• Income tax return forms of the last two years for Greek citizens and of the last three years for EU and non-EU citizens
• Income tax statement (E1 form) of the last fiscal year
• Documents for the last two years proving the turnover of the sole proprietorship, general partnership, limited company, etc. (E3 or N form) for Greek citizens and of the last three years for EU and non-EU citizens
• Certificate of dividend yield if you are shareholder in a company.
  
  

If you are a Piraeus Bank customer, it is possible that the identification documents that you provided to the Bank in the past may be outdated. In this case, you will need to provide updated documents.