In the past few months, energy prices have risen rapidly and increased the cost of living and heating. To support Finns in these challenging circumstances, we lowered the margin of loans intended for energy-efficient renovations on 21 October 2022.
Receiving an energy subsidy requires that no other public funding has been granted for the project.
If you have been granted an energy subsidy, you are not allowed to claim the tax credit for household expenses for the same renovation project. You should therefore calculate if it makes more sense to apply for the energy subsidy, tax credit for household expenses or some other subsidy that may be available to you.
The government-funded energy subsidies are allocated not only to the energy-efficient renovations of detached houses but also to those of housing companies and non-profit organisations. Read more about energy subsidyOpens new window
There’s no one-stop shop solution for major renovations or improvements so look carefully into your options and the technical possibilities.
Contact several construction companies to see what they can offer. When hiring your builder, you can tell a lot by the customer service and support they provide: do they understand your needs and goals, give you guidance and show you different options?
Remember to conclude all works contracts and acquisition agreements in writing. Agree on the schedule, compensation for possible delays and warranties also in writing. Request equipment and system training.
If you want to make energy efficiency improvements to a residential building occupied all year round, you can apply for an energy subsidy from the Housing Finance and Development Centre of Finland (ARA) for renovation projects carried out in 2022. Read more on ARA’s website. Opens new window
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