Residential energy efficiency financial instruments in Lithuania

Published on 01 December 2020
Updated on 17 May 2021
Description

Financial instruments, in combination with grants, have been used by Lithuania’s Ministry of Finance and Ministry of Environment to fund loans to support investment in energy efficiency in apartment block buildings in Lithuania. The financial instruments have supported the development of a single product for homeowners known as the ‘Modernisation Loan’ which forms the centerpiece of the Lithuanian government’s programme to improve energy efficiency in residential properties. Grants are used in combination with the financial instruments to fund technical support, interest rate subsidies and capital rebates and a ‘one stop shop’ service arrangement was also established that has been key to the successful delivery of the programme.

Country
Lithuania
Responsibility
EIB