GreenGrantsGuide – Everything About Green Energy and Subsidies in Hungary – II.
Green Energy – Episode 2 Effective energy efficiency? Green Energy and Subsidies in Hungary, such as EKR, TAO discount, other cash grants? Let’s clarify the terms and see how we can make our energy efficiency investment cost-effective. We closed the first article of our GreenGrantsGuide blog series by gathering information on the areas affected by the green transition and the steps and measures necessary to achieve the 2030 climate goals. Among these, ENERGY EFFICIENCY played a key role. This article of the GreenGrantsGuide focuses on this topic and shows the available resources and how to combine them consciously. Let’s go through them one by one. EKR or the Energy Efficiency Obligation Program Under the EKR, companies can not only save energy but also earn money. This is because energy companies – such as electricity, gas, or heat providers – are obligated by the government to achieve a specific amount of energy savings within a given time period. These savings can be achieved in various ways, such as by installing energy-efficient equipment, insulation programs, introducing energy-conscious technologies, or involving other market players and realizing energy savings through their investments. That is, energy companies can offer various incentives (e.g., discounts, subsidies, or free services) to encourage consumers to make energy efficiency investments. What does this mean for a company? It means that the company can sell its certified energy savings (HEM) generated from its energy efficiency investment on the market, providing an additional revenue source, apart from the cost savings. As a result, the payback period for energy efficiency investments can be much quicker. ...
