Baltic Energy Efficiency Network for the Building Stock


Thermal Modernisation Fund

The Thermal Modernisation Law and Fund have been introduced in 1999 to support the energy efficient refurbishment of buildings in Poland. The refurbishment projects must meet certain technical and financial criteria, which need to be verified by an energy audit and a financial analysis. The energy savings after refurbishment need to achieve a savings rate of at least 25 percent.

The loan of the bank can amount up to 80 percent of the costs of the refurbishment project. If the loan (plus interest), are theoretically repayable on schedule (within 10 years = maximum loan period), then the state owned “National Economy Bank” (BGK) can issue a bonus of 25 percent of the loan rate.

Procedure: An investor (e.g. housing cooperative or homeowners’ association) willing to modernise the building applies to the BGK for a thermo modernisation bonus via a lending bank. The results of the respective energy audit are attached to the application. If the refurbishment project is completed successfully, the bonus will be granted just after completion of the investment.

Evaluation: Until mid-2002 the thermo modernisation fund was not a very successful scheme. This was mainly due to complicated (application) procedures, e.g. for housing cooperatives and a high level of interest rates. From 2003 on, after the conditions have been amended, and massive promotion activities were introduced, the number of applications increased significantly. Meanwhile, the volume of the fund is by far not sufficient and not meeting the demand.


The BEEN project is part-financed by the European Union (EU). Lead partner is the Berlin Government, Senate Department for Urban Development, Germany. The project is organized by the project coordinator:

- Housing Initiative for Eastern Europe (IWO) e.V.
- Initiative Wohnungswirtschaft Osteuropa (IWO) e.V.
Friedrichstraße 95
10117 Berlin, Deutschland

Tel: +49-(0)30-20 67 98 02
Fax: +49-(0)30-20 67 98 04