How condominiums can minimize the cost of energy security: step-by-step instructions

In Ukraine, the government has expanded the scope of energy support programs for condominiums and housing cooperatives. From now on, condominium associations can combine grant assistance and soft loans to purchase the same energy equipment.

According to the Ministry of Communities and Territories Development of Ukraine (MinDevelopment), this will allow an apartment building to become energy independent and ensure that elevators, pumps, lighting and security systems work during power outages. The relevant changes to the program were approved by a government resolution prepared jointly by the Ministry of Development and the Ministry of Economy. The document expands the possibilities of the grant component and simplifies the rules for participation in the program.

"A grant and a loan are two complementary tools that together allow us to fully or almost fully finance the necessary equipment for energy autonomy of a house," said Oleksiy Kuleba, Vice Prime Minister for Reconstruction of Ukraine - Minister of Development of Communities and Territories of Ukraine.

IMAGE: Ministry of Development

It is noted that in this case, the grant component through the Energy Efficiency Fund can cover: up to 70% of the cost of solar power plants, energy storage systems and heat and pump systems, up to 50% of the cost of generators.

IMAGE: Ministry of Development

At the same time, the loan component allows financing the part of the equipment cost that is not covered by the grant: HOAs can also take advantage of preferential lending at 0% in 43 partner banks of the state program "5-7-9%". The maximum loan amount is up to UAH 3 million for up to three years.

Officials emphasized that the combination of grants and loans is intended to reduce the financial burden on co-owners and accelerate the implementation of energy-efficient solutions in apartment buildings.

To participate in the program, you must

• register and operate in accordance with the laws of Ukraine
• open an account with a partner bank
• purchase equipment exclusively for the needs of an apartment building
• make your own contribution (except for the grant): 50% of the cost of a generator or 30% of the cost of a solar power plant/heat pump.

IMAGE: Ministry of Development

Володимир Шкаєв