Thermo-modernisation and Renovation Fund

Apart from the programmes aimed at creating new housing stock for people with low and average income, BGK also operates the Thermo-modernisation and Renovation Fund (TMRF), whose purpose is to improve the technical condition of the existing buildings, increase their energy efficiency and reduce harmful emissions.

The Thermal Modernisation and Refurbishment Fund’s activities include handling state’s financial support for investors implementing thermal modernisation and refurbishment projects. Funds are granted at the request of investors once they present a loan agreement entered into with the lending bank and on the basis of an energy or refurbishment audit.

The standard thermomodernisation bonus accounts for 16% of the costs of the thermal modernisation project, but it can be easily increased to 21% of the project’s costs, if construction of a RES micro-installation in the building is an additional element of the project. The Act on Supporting Thermal Modernisation and Refurbishment and on the Central Register of Emissivity of Buildings, which was amended in the previous year, offers an opportunity to receive co-financing for reinforcement of large-panel buildings while performing thermal modernisation works. This would increase building safety after the installation of new insulation layers, which cause additional load for connectors that are components of a multi-layer slab.

Co-financing of the projects by BGK translates into significant savings in buildings’ operating costs. It also contributes to an improvement in the quality of the existing housing stock, thus reducing the problem of the so-called housing deprivation. Implementation of thermal modernisation and refurbishment projects with the Fund’s financial participation has for years contributed to an increase in energy efficiency of buildings. Such projects lead to significant energy savings, which brings tangible benefits in terms of reducing CO2 emissions and significantly contributes to improving air quality by reducing smog.

An example of thermal modernisation transaction is the improvement of the energy efficiency of the building in Zwoleń. The project provides for planned use of an energy efficient and environmentally friendly solution in modernisation of district heating system through the use of heat pumps. The implementation of the project planned for 2021 will consist in disconnecting the building from the district heating network and building a new heat source – a set of heat pumps with vertical probes as the ground source. The pumps will be powered from two newly built photovoltaic installations with a total capacity of up to 70 kW, mounted on the roof of the building, supplemented by grid electricity. In addition, planned works include the insulation of external walls and modernisation of the hot water system. The application of the solutions provided for in the project will directly contribute to energy savings in the building, improve air quality and significantly reduce the existing operating costs.

Thermo-modernisation and Renovation Fund in 2011–2020:

  • Number of the bonuses awarded – 25,984
  • Value of the bonuses awarded – PLN 1,468,289,795.67
  • Value of the projects for the bonuses awarded – PLN 9,415,243,774.84

Reduction in demand for energy:

The planned reduction in energy demand in 2009-2020 as a result of the thermal modernisation conducted – 13,929,117 GJ/year, which gives:

  • Energy saved – 3,869 GWh
  • White certificates – 332,691 with the value of PLN 606,496,138
  • Amount of coal burnt – 950,306 tonnes with a market value of PLN 843,824,625
  • As a result, we cut carbon emission by 900,415 tonnes
  • This amount is absorbed each year by 128,630,768 trees (183,758 ha of forest)*

The planned reduction in energy demand in 2020 as a result of the thermal modernisation conducted – 441,274 GJ/year, which gives:

  • Energy saved – 123 GWh
  • White certificates – 10,540 with a value of PLN 19,213,779
  • Amount of coal burnt – 30,106 tonnes with a market value of PLN 26,732,338
  • As a result, we cut carbon emission by 28,525 tonnes
  • This amount is absorbed each year by 4,075,019 trees (5,821 ha of forest)*
  • This amount of energy would be sufficient to heat 7,661 houses with a floor area of 160 m2 for a year (energy demand of 100 kWh/m2/year has been assumed)

*) It has been assumed that: One tree absorbs 6–7 kg of CO2 per year; the average age of a forest stand in Poland is 60 years; the tree density at the average age of a forest stand is approx. 700 trees/ha.