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State funding for heating replacement in force from January 1, 2024 - clarity for homeowners
According to a report from www.tagesschau.de, the state funding for heating replacement should come into force on January 1st as planned. According to the Ministry of Economic Affairs, the relevant guidelines, which are intended to provide homeowners with clarity, will soon be published. Homeowners will soon finally have clarity about what future government support will look like when switching to a new climate-friendly heating system. After the directive has been published in the Federal Gazette, the heating replacement can probably be ordered from December 29th - subject to the approval of the Budget Committee - and the funding can then be applied for later. According to the ministry, funding applications can be submitted to the state development bank KfW from the end of February, also retroactively for projects...
State funding for heating replacement in force from January 1, 2024 - clarity for homeowners
According to a report by www.tagesschau.de,
The state funding for heating replacement is scheduled to come into force on January 1st as planned. According to the Ministry of Economic Affairs, the relevant guidelines, which are intended to provide homeowners with clarity, will soon be published. Homeowners will soon finally have clarity about what future government support will look like when switching to a new climate-friendly heating system. After the directive has been published in the Federal Gazette, the heating replacement can probably be ordered from December 29th - subject to the approval of the Budget Committee - and the funding can then be applied for later.
According to the ministry, applications for funding can be submitted to the state development bank KfW from the end of February, including retroactively for projects that have already started. The new Building Energy Act – often referred to as the Heating Act – will also come into force on January 1, 2024. The most important innovations are, under certain conditions, a speed bonus and an income bonus. After a budget ruling by the Federal Constitutional Court, the federal government has to plug billions in holes.
The introduction of state funding for heating replacement from January 1, 2024 is expected to result in many homeowners accelerating the switch to climate-friendly heating. This could result in increased demand for corresponding heating systems and services in the field of renewable energies. In addition, the support could also have a positive impact on the share prices of companies active in the renewable energy sector, as the increased demand could increase their sales. The introduction of the new funding guidelines and laws also shows that the federal government is placing greater emphasis on climate protection and the energy transition, which could bring long-term changes and opportunities throughout the entire financial sector.
Read the source article at www.tagesschau.de