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Aradippou, Cyprus
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2018 | Case study
Avalaible in
Soft Loan Scheme for Photovoltaics
Aradippou, Cyprus
19 594 inhabitants
Incentives for local stakeholders and citizens - Innovative financing and citizens initiatives - Solar

A Soft Loan Scheme with favourable terms for the installation of photovoltaic systems on homes has been co-developed by Aradippou Municipality and the Cyprus Cooperative Bank. The Soft Loan Scheme aims to install photovoltaics on more than 2 000 homes within an investment programme that will exceed 50 million euros.

Within the context of its “Smart City” strategy, Aradippou Municipality in cooperation with the Cyprus Cooperative Bank and the Larnaka Chamber of Commerce and Industry, has prepared a pilot programme aiming to provide loans with more favourable terms for the installation of photovoltaic systems on homes. This programme has secured 1 million euros for such loans, allowing for the installation of photovoltaics on 100 homes.

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