GSHP market development in Greece Action Plan - geo.power

new solid investment framework which will give incentives for both consumers andcompanies, withdrawing the uncertainties and the risk and providing qualitative decisionmaking support services.In the forefront of any political decision should be the implementing of clear-cut andstrict criteria for the potential eligible beneficiaries (entities, end users etc.) to get access tothe banking financing. Bank recapitalization in terms of State guarantees may be provided ifnecessary, in order to ensure the smooth program implementation. It is self-evident; thisprocedure will be associated with continuous follow up of the projects progress in relation tothe money absorbency.The expected net average profit for a household will amount to 1393 € per year takinginto account the annual cost saving by use of GSHPs and the debt service (cost saving –debt service).Overall costs of this sub action, namely the 38,4 million euro loans interest and the 57,5million euro tax reduction will be covered by the EU structural funds for Greece.13