Who is eligible for State Aid?
State Aid is only applicable to applicants who are applying for a Home Energy Upgrade Loan Scheme for a rental property* that:
- is currently being used;
- has been used in the previous 12 months; or
- will be used in the next 12 months for any rental or similar arrangement.
If the property/properties have been used for the above purposes, then there is “economic activity”, and State Aid will arise on the grant of the loan(s) in respect of that property/properties.
For a more extensive description of the State Aid measures applicable to the scheme, please visit the SBCI Regulation webpage.
Please note: The scheme will operate under the De Minimis Regulation. Loans to other homeowners will not generate any State Aid.
*Property on which the Home Energy Upgrade Loan Scheme has been availed of to improve the energy efficiency.
Bank of Ireland is not responsible for the information on third party websites.
