top tips

No limit

 on size of loan, but some limits on size of subsidy

If you are building a new house,

  put in insulation, to reduce the size of the boiler and radiators you need

To get the biggest benefit,

 fix your windows first, before you install heating.  You will feel the benefit straightaway.

Take a loan

 and get 15% cash back after your equipment is installed.

Residential loans > 15% cash back subsidy

15% cash back subsidy


When you take a residential loan through Energocredit, the bank pays the the money to the supplier directly.  When the installation is completed, you can apply to the bank and 15% of the cost of equipment is paid directly to you, to spend however you like. 
The subsidy scheme1 is intended to make the loan more accessible to households, who will get back 15% of the total cost of the high quality energy efficient products and devices, which are specified in the eligibility criteria.
 
Rules for issuing the subsidy
 

  1. The subsidy is paid by the lending bank directly to the customer's bank account, after the supplier has installed the equipment/materials.
  2. Each household may have only one subsidy, for their permanent residence.
  3. There are limits to the amount of subsidy paid:
Description Maximum Subsidy (USD*)
1. Double Glazed Windows   500
2. Insulation of Wall                             850
3. Floor Insulation  400
4. Roof Insulation  700
5. Boilers 400
6. Condensing Boilers 550
7. Solar Water Heating 700
8. Biomass Stoves 850
9. Biodigesters 850
TOTAL 5800

 
  
*According to the exchange rate on the day of payment.
Note 1.
BP and its Oil & Gas Co-venturers (SOCAR, StatoilHydro, INPEX, Chevron, TPAO, ExxonMobil, Devon Energy, ITOCHU, AzBTC Ltd., Total, Amerada Hess, Lukoil, NICO, ENI and ConocoPhillips) are
providing a total of USD 1 Million grant in subsidy to accompany the Energocredit loans.
This group has also funded the  ‘Energy Bus' which is traveling round Georgia for three years and has examples of the technologies which are eligible for subsidies.
The ‘Energy Bus' brings practical demonstrations and information to Georgian communities promoting ‘energy efficiency' across Georgia, was launched in April this year by BP and its "Energy Efficiency Program for Georgian Communities - Energy Bus" project partners.
 

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