Czech New Green Savings scheme unaffected by subsidy cuts, new conditions take effect in September

The New Green Savings (NZÚ) programme will be funded from the Modernisation Fund from this September, so the planned subsidy cuts resulting from the government’s austerity package will not affect it, according to Environment Minister Petr Hladík (KDU-ČSL). The new NZÚ conditions, available on the website, will simplify administration and make subsidies available to more applicants, particularly owners of flats and apartment buildings. The Ministry of the Environment (MŽP) said in a press release.

„The Modernisation Fund is financed from revenue from emissions allowances. This means it is funded neither by taxpayers’ money nor by the state budget, so the subsidy cuts under the government’s austerity package will not affect the New Green Savings programme, and will not do so in the future either,” Hladík said.

More than CZK 55 billion from the HOUSEnerg programme of the Modernisation Fund will ensure long-term continuation of support for energy-saving measures in households. The range of subsidies will expand as a result, and per-unit grants for selected measures will also increase. To facilitate the transition to the new funding model, NZÚ will have a technical and operational break from July to September.