New government program helps home renewal in Hungary

The government will launch a 108 billion forint (EUR 275.4m) scheme for energy improvements in homes built before 1990, the state secretary for energy and climate policy said on Friday.

The government will offer home owners who contribute 1 million forints to project costs up to 6 million of support, of which half will be interest-free credit and the other half grant money, Attila Steiner told a press conference. The subsidies may be used to replace windows and doors, upgrade water heating systems, replace furnaces and add insulation, he said.

Homes must be connected to the gas network to avail of the subsidies.

State secretary for industrial policy and technology Gergely Fábián said 20,000 family homes could be upgraded in the programme.

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