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Financing the energy renovation of housing: how to get banks on board

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Financing of energy retrofit works can be costly. For example, in Picardie region in France, a single family house can be refurbished for € 42,000, achieving on average 56% energy savings. Traditionally, to pay for the renovation, homeowners can either use their own savings or apply for a bank loan. Recently, in some parts of Europe, local and regional authorities have set up innovative third party financing operators or funds to facilitate access to financing, especially to low and medium income households. However, banks remain key partners for local authorities with ambitious housing energy renovation programmes - their financial sources are ‘unlimited’, they have direct contact with homeowners and construction sector businesses who are their clients and they might have interest to support real green economy development at local level.


The objective of this webinar is to share experience of cities and regions from France and Italy which attempted to establish partnerships with banks in order to offer attractive financing option such as low interest and long term energy renovation loans to homeowners on their territory.



Jana Cicmanova, Covenant of Mayors Office / Energy Cities

Welcome & Introduction


Françoise Réfabert, Vesta Conseil & Finance, France

The French Environment and Energy Management Agency (ADEME) conducted a survey on the relationships between the 15 successful local energy retrofit initiatives and the banking sector. Françoise will present its main results and lessons learnt.


Marco Mordacci/Enzo Bertolotti, City of Parma, Italy

The city of Parma (192,000 inhabitants) set up a partnership with a local bank – Cariparma – which provides low interest loans (max. €50,000; Euribor 3 months +2.9%; 5-10 years) to homeowners of single family houses and condominiums in order to increase energy efficiency and the use of renewable energy in their dwellings.


Daniel Sorrosal, the European Federation of Ethical and Alternative Banks

Daniel will share the banking sector views and react on the presentations.



Q&A session.

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