More citizens will benefit from the state support program for energy-efficient renovation of apartments and individual residential houses. The Government of the Republic of Armenia decided to extend the period of validity of the state support (renovation) program for energy-efficient renovation of apartments and individual residential houses until July 1, 2024. The end of the program was scheduled for July 1, 2023. The relevant decision on this was approved by the executive at the session of June 29, 2023.
The interest rate of the loan for energy efficient renovation will be subsidized according to the following calculation: the interest rate subsidy for properties under renovation in borderline or high mountain settlements will be 14% interest rate, in rural and urban settlements that are not border settlements, 12% and 11%, respectively, and 9% in Yerevan.
Reminder: the loan limit provided by commercial banks for energy-efficient renovations will be no more than 7 million AMD for apartment repairs in an apartment building, and no more than 10 million AMD for individual residential houses. The loan is provided for a maximum repayment period of 7 years.
July 07, 2023 at 17:38