The current climate situation was summarized by UN Secretary-General António Guterres, who warned that the era of global warming has shifted to global boiling. This means humanity must intensify efforts to cut polluting gas emissions. Every action counts, including measures that can be taken from homes.
In Spain, housing accounts for around 20 percent of energy expenditure. This presents a meaningful opportunity for growth, particularly in the area of heating and cooling. A large share of this consumption is tied to heat or cold leaks, so energy rehabilitation becomes essential—essentially any work in a home that yields greater energy savings. From installing solar panels to replacing windows or enhancing insulation.
Now is a favorable moment to start this type of rehabilitation for several reasons. On one hand, Next Generation EU funds offer subsidies based on the energy savings achieved. On the other, organizations such as Deutsche Bank provide guidance and support to clients throughout the process. The focus is on sustainability and clear user communication.
“We will likely never again have the opportunity to renew the building stock on such a large scale and under extraordinary conditions. Yet what is needed is more agility and better communication plans to bring this opportunity to citizens. Right now, many are unaware of it,” notes Jorge Sáenz de Miera, director of Avanza Credit, the Deutsche Bank team that specializes in financing rehabilitation and energy efficiency projects.
When planning an energy rehabilitation project, it is important to understand that the resulting savings influence the amount of European subsidies. For example, achieving more than 60 percent energy savings can qualify for assistance covering up to 80 percent of the project cost. Savings of 45 percent or more may grant a 65 percent subsidy, while savings of 30 percent or more entitle a 40 percent subsidy. Tax advantages are also possible, including a personal income tax deduction of up to 60 percent of non-subsidized amounts if non-renewable energy use drops by at least 30 percent. Upgrading the building’s energy rating to class A or B is another viable outcome.
While the timing is right, many homeowners hesitate due to paperwork. This is where Avanza Bank’s financing plays a part, offering funds up to 100 percent of the project budget to fit the implementation timelines and needs of each community.
Additionally, for projects supported by New Generation EU, maturity can extend up to 15 years with a grace period of up to 36 months, easing the payment burden while awaiting the relevant support. The loan is disbursed to the rehabilitation company, and the owners’ community only pays interest on the principal, yielding substantial savings. The bank emphasizes providing clear information, rapid, simple processes, and a quick response—often within 48 hours.
Improve insulation
Multiple interventions can lower energy use and reduce costs from day one. An example is a project in the La Sang neighborhood of Alcoy, financed by Avanza Credit and implemented by the firm Dues Eficiencia y Edificación. The project involved facade rehabilitation and improved thermal performance. The estimated budget is €2 million, with assistance from New Generation EU Funds as well.