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Up to 40% of the harmful greenhouse emissions come from energy inefficient buildings. WB GEFF has contributed to helping many households to lower their energy consumption and contribute for a healthier living environment.
Toni Popov from Skopje invested in a heat pump, insulation of roof and windows for his new house. This investment was too high to be covered with his own funds and therefore he was seeking for a bank loan. WB GEFF Programme was a great choice as Toni says, as it combined bank loan with a financial grant, which was crucial at the time when the investment was planned.
The homeowner invested €41,800 in best-in-class technologies to provide comfortable home for his family with minimum energy costs. After the investment was completed, Popov family received an EU incentive of €8,360 or 20% of the investment loan.
The Skopje family has helped for a cleaner living environment by saving even 86 MWh energy per year.
The GEFF programme for the Western Balkans is supported by the European Union (EU), the Federal Ministry of Finance of the Republic of Austria and the Western Balkans Investment Framework in cooperation with the Energy Community Secretariat (ECS).