more than that 80% of homes need some type of renovation. Reason? Spain’s residential real estate stock is very old and in poor condition. More than one in eight homes has a low or very low quality energy efficiency label (between classifications E, F and G). In fact, many families consider rCarrying out studies related to energy savingFor example, better insulating your home from the cold by using a new type of heat source or cladding the facade. The good news is that any reform that allows you to reduce your energy bill by 30% is eligible for help. Subsidies in the European Commission’s Next Generation EU program are still in effect.
To access these, among other requirements, a minimum of 30% savings of non-renewable primary energy must be certified and in return you can receive: 40% and 80% of the total cost of these Brussels subsidies. Two years ago, Royal Decree 853/2021 of 5 October was approved, regulating the Government’s Recovery, Transformation and Resilience Plan’s assistance programs for housing rehabilitation and social housing. By this standard, the need to reform the housing stock in Spain has already been mapped.
This x-ray shows that almost 45% of the buildings are pre-1980; this proportion rises to 50% for residential buildings, which amounts to at least 9.7 million homes. It is also estimated that around one million homes are in poor, poor or dilapidated condition.
In many cases, families doubt whether the improvement work they are planning will qualify for subsidies. The fact is that the type of renovation is very broad and will include such actions as improving insulation on facades and roofs, installing solar and photovoltaic panels, installing aerothermal energy as a means of heating the house, as well as actions related to these. increasing access to buildings, eliminating asbestos and, in some cases, even digitization measures in communities. With all this, the aim of this specific European Commission aid program is to deliver 510,000 rehabilitation actions by 2026; This is a procedure that must be demanded in every autonomous community because they are the ones who govern it.
“This is a golden opportunity to encourage yourself to take on pending housing reforms, because this is an unprecedented volume of aid; “There has never been a grant program of this scope before.”
This bank provides significant support to this aid because it does not just advance the aid amount. Subsidy provided by families or neighboring communities but it can also complement this with financing. “And the proposed financial solution is always cheaper for a community than a leak,” explains Javier Ron, which will avoid the last option. How much help is available? Aid can cover up to 21,400 euros per household.
In the case of economically and socially vulnerable families, assistance can reach 100% of the reform. In banks such as Bankinter “we have a very tailored solution that covers 100% of the subsidy amount and we also offer long terms for greater convenience to the customer,” explains Ron, adding “we make it easier for families and communities” In this sense, when the subsidy money has not yet arrived, We offer a grace period on the loan so that the initial financial cost is lower.” In addition, he explains that “the loan in question does not obligate the community to anything else, any account linkage, receipts or insurance.”
Increasing the sustainability of Spanish homes to save 30% energy was the reason why direct aid of 3.8 billion euros was possible.
Recommendations before reform
If you ask the experts, the first advice for families or neighborhood communities considering reform is “feel free to do this”says Javier Ron, Director of Consumer Affairs at Bankinter. He adds: “andThis is a historic and unrepeatable opportunity, and I believe that it will not take long for it to become a necessity, because in France, for example, there are already limited rents and a large proportion of houses that are not in good condition are left out. energy efficiency level. Those who do this now can access this subsidy, and if they have to do so later out of necessity they will no longer have this extra support.”. The second tip is to do the math. Families and communities should look at the energy savings they are getting in their monthly budgets. “With current subsidies, most projects pay off,” says Javier Ron. The third tip is to choose a solvent company for renovations. For this assistance program there is an official figure of the rehabilitation representative, trusted by banks such as Bankinter, who facilitates the processing and execution of business.