How to Get an Eco-Loan in 2024

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An ecological loan is a special form of financial support for companies that want to invest in solutions that reduce their impact on the environment. What projects qualify for such a loan and how can you get it? In this article, you will find answers to these questions and detailed information on the application procedure and assessment criteria.

The most important information

• The 2024 ecological loan is available to micro, small, medium and large companies in Poland that meet the energy efficiency criteria.
• The maximum funding under the ecological loan can amount to up to PLN 80% of eligible investment costs, which creates opportunities for the implementation of expensive pro-ecological projects.
• Loan applications must be submitted by specific deadlines and each application must be supported by an energy audit and demonstrate specific environmental benefits.

Green Business Development: How to Get an Eco-Loan in 2024

In 2024, the loan is available to companies doing business in Poland that meet certain criteria regarding the size of the company. This means that micro, small, medium-sized enterprises, as well as large companies employing up to 3,000 employees can apply for this support.

Investments financed by the green credit should contribute to improving energy efficiency by at least 30%. This is important because improving energy efficiency not only reduces operating costs, but also reduces greenhouse gas emissions, which is crucial for protecting the environment. Examples of such investments may include modernizing infrastructure and increasing the energy efficiency of production processes.

For companies looking for funding for their projects, an ecological loan can be a significant financial support. The maximum funding can be up to 80% of eligible investment costs, which allows the implementation of even very expensive projects without excessively burdening the company's budget.

Don't wait, if your company operates in Poland and wants to introduce innovative solutions that contribute to environmental protection, an ecological loan is just for you. Find out how to get this support and start developing your company in accordance with the principles of sustainable development.

Introduction

European funds are designed to support innovation and sustainable development of small and medium-sized enterprises. Thanks to this, entrepreneurs can count on funding for projects that not only improve energy efficiency, but also introduce ecological innovations to their operations.

Green credit plays a key role in financing the sustainable development of companies. It allows companies to make investments that contribute to environmental protection and reduce operating costs by reducing energy consumption. This is not only beneficial for the environment, but also for the company itself, which can become more competitive on the market.

Businesses can use the financial support they receive for a variety of purposes, such as:

• purchase of real estate
• construction of new facilities
• modernization of existing technological lines
• installation of renewable energy sources

Thanks to this, they can introduce innovative solutions that contribute to more efficient and sustainable business activities and run businesses.

We encourage all entrepreneurs to take advantage of available financial support programs and subsidies to build a modern economy that cares for the environment. Investments in environmental protection and energy efficiency bring benefits not only to companies, but also to the entire society.

Eligible costs under the Ecological Credit

Eligible costs under the green credit include a wide range of investments that aim to improve energy efficiency and protect the environment. Examples of such costs include:

• replacement of technological lines
• acquisition of fixed assets
• thermal modernization of buildings
• ecological installations, such as industrial energy storage facilities, photovoltaic installations or heat pumps

Replacing technological lines can include modern and more efficient production equipment that reduces energy consumption and increases the efficiency of production processes. Such investments not only bring financial benefits, but also contribute to environmental protection by reducing greenhouse gas emissions.

Thermal modernization of buildings is another important element that can be financed with an ecological loan. It involves improving the insulation of buildings, which contributes to lower energy costs and increased user comfort. It is worth remembering, however, that such an investment can only be implemented when an energy audit indicates the need to improve energy efficiency.

Ecological installations, such as photovoltaic panels and energy storage systems, are other examples of eligible costs. Installing a heat pump is an investment in technologies that reduce the use of fossil fuels and contribute to environmental protection.

The minimum value of eligible expenses under the ecological loan is PLN 2 million, which means that this support is intended primarily for larger investments that have a real impact on improving energy efficiency and environmental protection.

Ecological loan for industrial energy storage

The new green credit program gives entrepreneurs the opportunity to obtain funds for industrial energy storage. This makes investing in an energy storage facility more accessible to companies looking to optimize their energy consumption. Industrial energy storage facilities allow for the storage of surplus energy produced, which is particularly important in combination with renewable energy sources. The program can finance the purchase and installation of an energy storage facility, which will bring both economic and ecological benefits.

Investing in industrial energy storage, companies can increase their energy independence and contribute to environmental protection. Additionally, having energy storage enables companies to better manage energy costs. Energy storage can be a key element of a company's energy strategy. This program is a great opportunity for companies that want to invest in modern solutions, such as industrial energy storage, and at the same time take advantage of preferential financing conditions. Thanks industrial energy storage, companies can meet the challenges of the energy market.

Key criteria for assessing Ecological Credit applications

To obtain an eco-credit, companies must meet specific assessment criteria that aim to ensure that the funds are used effectively and contribute to environmental protection. One of the key requirements is to conduct an energy audit that confirms the need for the implemented solutions and the expected energy savings of at least 30%.

An application for an ecological loan must also be supported by a credit promise or a conditional credit agreement from a bank. This ensures that the company has financial security to implement the project and is able to meet the credit requirements.

Investments supported by the green credit must contribute to energy efficiency of at least 30%. This means that any company that wants to use this support must demonstrate specific ecological benefits resulting from the planned investment.

Meeting these criteria is crucial to the success of an application for a green loan. Companies should carefully prepare for the application process to increase their chances of obtaining financial support.

The process of applying for an Ecological Credit

The process of applying for an ecological loan involves several key steps. The maximum funding under the ecological loan can be up to 80% of eligible investment costs, which means that companies can count on significant financial support. The pool of funds to be distributed is PLN 660 million for each recruitment, which is significant support for companies implementing pro-ecological projects.

Application deadlines are strictly defined and cover two periods: from October 17, 2024 to January 31, 2025 and from June 17, 2025 to July 31, 2025. Companies must submit their applications by these dates to have a chance of receiving financial support.

The process of assessing projects submitted as part of the recruitment lasts a maximum of 60 days from its completion, and approval of the assessment results occurs within 70 days after the completion of the recruitment. This means that companies can count on relatively quick consideration of their applications and commencement of investment implementation.

The beneficiary of the project must be an entity that benefits from the project, not a third party. This ensures that financial support goes directly to companies that implement pro-ecological investments.

Deadlines for applications for the Ecological Credit in 2024

The deadlines for submitting applications for ecological credit in 2024 have been set for two periods: from 17 October 2024 to 31 January 2025 and from 17 June 2025 to 31 July 2025. Companies planning to apply for support must remember these deadlines and prepare their applications accordingly.

The first application period begins on October 17, 2024 and ends on January 31, 2025. This is the time when companies can submit their applications and count on their quick consideration and financial support for the implementation of their projects.

The second application period will run from June 17, 2025 to July 31, 2025. This gives companies another chance to receive financial support if they do not manage to submit an application in the first period.

In summary, in 2024, there are two deadlines for submitting applications for the green credit: from October 17 to January 31 and from June 17 to July 31. Companies should plan their activities carefully to ensure that their applications are submitted in a timely manner.

Banks providing Ecological Credit

Ecological credit can be granted by banks that have concluded a cooperation agreement with Bank Gospodarstwa Krajowego. Among these banks are Alior Bank, Bank Millennium and PKO Bank Polski, which offer ecological credits in cooperation with Bank Gospodarstwa Krajowego.

Alior Bank focuses on financing projects supporting sustainable development of the environment, offering various financial products tailored to the needs of companies implementing ecological investments. Bank Millennium also provides financial products tailored to ecological projects, helping companies to achieve their pro-ecological goals.

PKO Bank Polski supports ecological projects as part of its cooperation with Bank Gospodarstwa Krajowego, offering a wide range of financial products supporting sustainable development. Cooperation with Bank Gospodarstwa Krajowego allows banks to effectively support ecological investments in Poland.

Thanks to this cooperation, companies can count on professional advice and financial support that will enable them to implement ambitious pro-ecological projects.

Industrial energy storage facilities increase energy efficiency of enterprises

Industrial energy storage is one of the solutions that can significantly increase the energy efficiency of companies. The ecological credit finances various projects that contribute to the sustainable development of companies, including energy storage installations. Thanks to the ecological credit, companies can obtain up to 80% of funding for their projects, which allows the implementation of even very expensive investments.

Industrial energy storage, combined with photovoltaic installations and renewable energy sources, significantly increase energy efficiency, allowing companies to better manage their energy consumption. Examples of successful projects include installations that bring benefits to both the environment and their owners. Companies that have decided to make such investments report significant energy savings and improved competitiveness on the market.

Investing in industrial energy storage is not only a way to improve energy efficiency, but also to increase the company's energy independence and its resistance to energy storage price fluctuations.

Benefits of obtaining an Ecological Credit

With the green credit, companies can obtain funding for investments that provide energy savings of 30% or more. Carrying out modernization under the green credit results in reduced operating costs by reducing energy consumption. Increasing energy efficiency allows companies to maintain production with less energy consumption, which can increase revenues.

The use of modern, energy-efficient machines increases energy efficiency and reduces annual energy consumption in companies. Examples of successful projects include initiatives that bring benefits to both the environment and their owners. The implementation of pro-ecological projects improves the company's image in the eyes of employees and customers, emphasizing care for the environment.

The maximum subsidy under the ecological loan can be up to 80% of eligible investment costs, which allows companies to implement even very expensive projects without excessively burdening the company's budget. The ecological loan can be seen as an important financial support for companies that strive to modernize and reduce their impact on the environment.

Frequently asked questions about the Ecological Credit

The Design in SMEs program offers a maximum subsidy of PLN 3 million. This is significant financial support that allows companies seeking funding to implement ambitious pro-ecological projects.

Projects can combine different forms of public aid, but they must comply with the rules of the individual programs. This means that companies can use different sources of financing to achieve their goals.

The most frequently asked questions about green credit include issues related to:

• Cost eligibility
• requirements for energy audit
• application deadlines
• maximum amount of funding

Answering these questions can help companies better understand the green credit application process and increase their chances of obtaining financial support.

Summary

The green credit is an extremely important tool supporting the sustainable development of enterprises. Thanks to it, companies can make investments that contribute to environmental protection and improve energy efficiency. In 2024, significant financial resources are available to help companies achieve their pro-ecological goals.

Key criteria for assessing applications include conducting an energy audit, obtaining a loan commitment and achieving energy efficiency at a level of at least 30%. Meeting these requirements is necessary to obtain financial support.

The 2024 application deadlines cover two periods: from October 17, 2024 to January 31, 2025 and from June 17, 2025 to July 31, 2025. Businesses should plan their activities carefully to ensure their applications are submitted in a timely manner.

We encourage companies to take advantage of available financing options and implement pro-ecological investments. This is not only a chance to develop your company, but also to contribute to protecting our planet. Use an ecological loan to make real changes and improve your competitiveness on the market.

Frequently Asked Questions

What companies can receive an Ecological Credit?

Ecological Credit can be obtained by micro, small and medium-sized enterprises, as well as small mid caps and mid caps. This support is available to companies that invest in ecological solutions.

What are the eligible costs under the Ecological Credit?

Eligible costs under the Ecological Credit include the replacement of technological lines, acquisition of fixed assets, thermal modernisation of the building, ecological installations and installation of a heat pump.

What are the key criteria for assessing Ecological Credit applications?

The key criteria for assessing applications for Ecological Credit are the preparation of an energy audit, obtaining a bank promise and achieving at least 30% of primary energy savings. This ensures the effectiveness of ecological investments.

What is the maximum amount of funding under the Ecological Credit?

The maximum amount of funding under the Ecological Credit is up to PLN 80% of eligible costs, with a total pool of funds of PLN 660 million for each call.

When is the application process for the Ecological Credit open?

The call for applications for the Ecological Credit takes place in two periods: from 17 October 2024 to 31 January 2025 and from 17 June 2025 to 31 July 2025.