Financing the energy retrofitting of buildings is a great challenge. With investments varying from 200 to 1,200 EUR/m2, access to attractive and long-term financing is perceived as the primary barrier for homeowners. Financial incentives such as grants, guarantees or soft loans for energy renovation could motivate homeowners to make the investment decision more easily.
Local and regional authorities in cooperation with financing institutions can offer to homeowners of private residential buildings:
- Soft loans: loans with interest rates below standard market conditions and longer payback periods, including eventually other advantages (e.g. grace period, lower administrative or insurance costs)
- Loan guarantees: buffer by first losses of non-payment are incentives triggering investments in energy renovation. Portfolio guarantees for ESCOs reduce the risks of payment delays, so reduce the overall costs of financing (solid protection from later payments).
Portfolio guarantees for ESCOs reduce the risks of payment delays, so reduce the overall costs of financing (solid protection from later payments).
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