Home Renovation Subsidies to Support up to 30,000 Projects
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A HUF 108 billion government program to support home energy efficiency improvements could result in 20,000-30,000 renovations, State Secretary Gergely Fábián said on news channel M1.
The investments will positively affect utility costs in the long term and boost property values, Fábián noted on the first day of the scheme.
The support, a combination of grant money and interest-free credit, is available for detached homes built before 1990 and must result in energy savings of at least 30%.
The support threshold is HUF 6 million per project, with homeowners contributing HUF 1 mln. The credit/grant ratio depends on household income and regional development levels.
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