Ukrainian homeowners modernise their home to be more energy efficient

Reconstruction of the heating system with the installation of a heat pump and a condensing gas boiler allowed the house of Popov Anatoliy, the Ukrainian homeowner, to use energy efficiently.

The House is located in Rivne, Ukraine. The building was built in 1966 and has 2 floors with a total area of 300 m2. The Mr Popov decided to give the house an upgrade, a fundamental modernisation of the heating system was needed.

Mr Popov turned to OTP Bank for a loan of up to UAH 450,000 (equivalent to EUR 16,400.50) under the EBRD’s IQ Energy program. He installed a heat pump air-water, a condensing gas boiler, radiators with automatic temperature controls.

IQ Energy team performed the project feasibility analysis by reviewing the application, confirmed that the project is eligible and in line with the program requirements. Once the equipment was installed, the IQ Energy team verified the quality of installations.

Thanks to the project, the modernized house will warm its owners in the winter and give them a refreshing cool on hot summer days. The use of energy-efficient solutions has made it possible to achieve a significant reduction in the energy consumption of their housing by more than half.

Karakonstantynova Tetiana individual homeowner said: ” An important argument in the decision was the possibility of receiving compensation of 35% of the cost of modernization under the IQ energy program. We decided to go ahead with the investment and did not regret it.”

An additional advantage of the project for homeowners is the receipt of all necessary benefits, such as heating, cooling and hot water.

IQ Energy was developed by the European Bank for Reconstruction and Development (EBRD) and is supported by the Eastern Europe Energy Efficiency and Environment Partnership Fund (E5P)  and the Swedish International Development Cooperation Agency.