Financing of RES projects and energy efficiency of enterprises

Imagine a business that produces its own electricity, pays lower bills and is protected from future spikes in electricity prices. That’s what the new procedure offers.“BG16RFPR001-2.004 – Energy efficiency and use of renewable energy in enterprises“ a valuable opportunity to finance RES projects and improve the energy efficiency of enterprises.

Thanks to this program, your business can:

Reduce your energy costs by up to 80%
To achieve energy independence
To contribute to a cleaner environment
To increase its competitiveness in the market

And all this — with a grant of up to 65% of the investment!

What does renewable energy financing include?

The procedure finances not only the construction of photovoltaic installations for own consumption, but also smart inverters, batteries for electricity storage and complete photovoltaic power plants. Heat pump systems, biomass boilers, heat recovery, as well as solar collectors for hot water are also eligible.

This makes the program extremely valuable for companies looking for a long-term solution to optimize their energy costs and reduce their carbon footprint.

Aid amount and eligible investments

The amount you can receive as grant funding is between BGN 30,000 and BGN 100,000 (excluding VAT). This represents up to 65% of the value of the approved project, with the maximum total budget not exceeding BGN 153,846 excluding VAT.

The program finances a wide range of renewable energy solutions, including:

Photovoltaic systems for own consumption
Solar panels with efficiency ≥ 20%
Hybrid or standalone inverters with efficiency ≥ 96%
Energy storage systems (batteries) with a 10-year warranty
Additionally: heat pumps, biomass boilers, recuperators and solar collectors for hot water

Application requirements: Who can receive funding for RES?

To take advantage of this opportunity, you must meet the following criteria:

Be a company registered under the Commercial Law before 31.12.2021.
Be a micro, small or medium-sized enterprise according to the SME Act
Have generated a minimum of BGN 100,000 in net sales revenue for 2022 and 2023 in total
To declare support for your main economic activity according to the NACE Rev. 2008 (validated with data from the National Statistical Institute for 2023)
Have revenues for 2023 as follows:
Microenterprises: ≥ 100,000 BGN.
Small businesses: ≥ 300,000 BGN.
Medium-sized enterprises: ≥ 1,000,000 BGN.

❌ You will not be allowed if you operate in certain sectors such as agriculture, IT services, gambling, fisheries, or certain sub-sectors of the food industry.

Why choose SolarHouse for your RES project?

Implementing renewable energy technologies requires not just good equipment, but strategic planning and proper application. Thanks to our many years of experience, we will help you realistically assess the capabilities of your business, prepare the necessary project documentation and guide you to the most suitable technological solutions. From the first idea to the final implementation — you will be supported at every step of the process.

Start your RES project now

The time to act is now – EU financing of RES projects is not only accessible, but also brings concrete benefits to business: lower costs, energy independence and competitive advantage.

Eligible assets under the procedure for financing RES projects

Under procedure BG16RFPR001-2.004 for energy efficiency and renewable energy use, enterprises can invest in 17 categories of highly efficient technologies. Each of these assets is eligible for grant financing if it meets the technical criteria set out in the program.

Here are the main groups of eligible assets:

Biomass boilers (with automatic or manual feed)
Heat pumps (air, geothermal, water)
Solar systems for domestic hot water
Waste heat and cold recovery systems
Recuperative heating and ventilation units
Chillers for cooling and air conditioning
Air handling units with recovery/regeneration
Energy efficient air coolers
Compressed air compressors
Centralized compressed air management systems
Compressed air dryers (incl. combined systems)
Building insulation systems (incl. doors and windows)
Energy-saving luminaires
Photovoltaic panels (with efficiency ≥ 20%)
Inverters (incl. hybrid, with warranty ≥ 10 years)
Rechargeable batteries for energy storage
Photovoltaic power plants (complete system: panels, inverters, batteries and structure)