06 August 2019 - The Ministry of Economy of Montenegro is launching a new phase of the Energy Efficient Home program tomorrow, August 7, which aims to reduce heating costs and increase household comfort, achieve a significant reduction in CO2 emissions, and develop the market for heating systems for modern forms of biomass in Montenegro.
The Program entails an attractive and sustainable financial mechanism for the implementation of energy efficiency measures in households, reports PR Office of the Ministry. For the purpose of this Program, the Ministry of Economy has provided 100.000 EUR for subsidizing interest and fees for processing loans to households in Montenegro for:
- the purchase and installation of heating systems for modern forms of biomass (pellets, briquettes), including boilers/furnaces, pipework and/or radiators;
- installation of thermal insulation on the facade of the residential building and
- installation of energy-efficient facade joinery.
Under the Program, citizens will be able to apply for interest-free loans up to a maximum amount of 10.000 EUR, with a repayment period of up to six (6) years, for the implementation of the aforementioned energy efficiency measures in their households, while the Ministry of Economy will subsidize interest costs and loan processing for the entire loan repayment period.
The Ministry of Economy is implementing this program in cooperation with partner companies (contractors): Mikromont (Bijelo Polje), Home Systems (Podgorica), Plam Engineering (Podgorica), Veneta Plamen (Podgorica), Energos (Podgorica) and the consortium "LD gradnja-Cerovo "(Nikšić) as well as partner banks: Hipotekarna Bank and Lovćen Bank.
The program provides for a citizen to contact a qualified contractor to obtain more detailed information on the offer under the Energy Efficient Home Program. Upon receiving the bid for the works, the citizen applies to the Ministry of Economy, with a request for confirmation that he or she is eligible to participate in the Energy Efficient Home Program, with supporting documentation proving that the object on which the works will be performed is legal, or that is in the process of legalization.
If the request is approved, the Ministry of Economy issues a certificate that the citizen is eligible to participate in the Program, after which the citizen applies to the bank and applies for a loan.
Procedures for implementation of the Energy Efficient Home Program, contacts of partner companies and banks, unit prices of materials, equipment and services offered under the Program, application form for obtaining a certificate for participation in the Program can all be downloaded at the website www.energetska-efikasnost.me.
The Energy Efficient Home program is a continuation of the Energy Wood program, which has been implemented by the Ministry of Economy through three phases since 2013, and has installed around 1,010 pellet and briquette heating systems throughout Montenegro.
Read more about lifestyle in Montenegro at TMN's dedicated page.