This special facility offers “blended financing” comprised of grant and loan financing for Energy Efficiency/Renewable Energy (EE/RE) in the residential, commercial / private (including tourism and manufacturing) / Agricultural Sectors, with a focus on buildings.
It comprises of 20% Grant Funding and Loan Interest rate as low as 4.5% and is available for, but not limited to:
- Lighting replacement of obsolete lighting such as incandescent bulbs and inefficient fluorescent lighting with efficient lighting including Light Emitting Diodes (LED)
- Cooling equipment such as air conditioning, replacement of window units and inefficient min-split air conditioning with inverter-based units and/or efficient air conditioning central units and commercial refrigeration;
- Building Envelope: building envelop measures such as roof cooling, window seals and door sealants that reduce the heat gain of the buildings, including window and roof insulation and/or measures that reduce energy losses such as automatic door closers. occupancy sensors and programmable thermostats; and
- Renewable energy and resource efficiency technologies such as photovoltaic pumps, solar water heaters, solar dryers and low flow plumbing technology, mini hydro, wind and biogas systems