Factsheet: PAREER Program

PAREER Program

Key Information
Full name of Instrument & Measure (English): 
PAREER Program: Aid Programme for Rehabilitation of Existing Buildings Energy in the Residential sector (housing and hotel use)
Full name of Instrument & Measure (native language): 
Programa PAREER: Programa de Ayudas para la Rehabilitación Energética de Edificios existentes del sector Residencial (uso vivienda y hotelero)
Description: 
Aid Programme for Rehabilitation of Existing Buildings Energy in the Residential sector (housing and hotel use) In order to promote comprehensive actions for energy efficiency and the use of renewable energy in the existing buildings park in the residential sector, as well as comply with Article 4 of Directive 2012/27 / EU on energy efficiency, the Ministry of Industry, Energy and Tourism, through the Institute for Energy Diversification and Energy Saving (IDAE), has launched a specific program of grants and funding worth 125 million euros. The actions should fit into one or more of the following types: 1. Improved energy efficiency of the thermal envelope. 2. Improved energy efficiency in heating and lighting. 3. Substitution of conventional biomass energy in heating systems. 4. Substitution of conventional geothermal energy in heating systems. The actions to aid should improve the overall energy rating of the building. Those eligible for support under this program include: a. natural and legal owners of residential buildings (hotel use and home use) people. b. Communities of owners or groups of communities of owners of residential buildings incorporated under the provisions of Article 5 of Law 49/1960, of 21 July, Horizontal Property. c. owners of houses or the sole owners of buildings which meet the requirements of Article 396 of the Civil Code and have not been granted the constituent title of condominiums. d. energy service companies. The type of support will depend on the type of action and this includes the replacement of conventional energy with biomass in heating systems, which will be helped in the form of repayable loans. Repayable loans have the following conditions: Interest rate: Euribor + 0.0%; Period of loan repayment: 12 years (including an optional period of one year’s deficiency); Guarantees: guarantee or surety contract amounting to 20% of the loan amount.
Goal/Aim: 
Promote comprehensive actions for energy efficiency and the use of renewable energy in the existing buildings

Sector/Topic targeted:

Connection with National Policy: 
Directiva 2012/27/UE
Responsible Authority: 
Ministry of Industry, Energy and Tourism

Status:

Year Instrument & Measure Started: 
2012