Thermal Modernisation and Refurbishment Fund

The purpose of the Thermal Modernisation and Refurbishment Fund managed by BGK is to provide financial support to investors seeking to improve the technical condition and energy efficiency of buildings. From the Thermal Modernisation and Refurbishment Fund bonuses for thermomodernisation and refurbishment projects are granted and paid out at the investor’s request. As a condition, the investor needs to produce a loan agreement entered into with the lending bank and an energy or refurbishment audit and finish the project in its planned scope.

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.

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 also 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.

An example of thermal modernisation transaction is the improvement of the energy efficiency of the building in Nowa Wieś Ełcka. The project envisages the use of an energy efficient and environmentally friendly solution in modernisation of a district heating and hot water system through the use of heat pumps. The project, scheduled for 2022, provides for the use of a new heat source – a set of heat pumps with a ground heat exchanger. The heat pumps will be powered from a newly built PV installation with a total capacity of approximately 10 kW, supplemented by grid electricity. In addition, planned works include the insulation of external walls. The application of the solutions provided for in the project directly contributes to energy savings in the building, improves air quality and significantly reduces operating costs.

Thermal Modernisation and Refurbishment Fund in 2011–2021:

  • Number of the bonuses awarded – 27,391
  • Value of the bonuses awarded – PLN 1,583,992.71
  • Value of the projects for the bonuses awarded – PLN 10,091,705,756.80

Reduction in demand for energy:

The planned reduction in energy demand in 2009–2021 as a result of the thermal modernisation conducted – 14,456,089 GJ/year, which gives:

  • Energy saved – 4,016 GWh
  • White certificates – 345,278 certificates worth PLN 660,861,621
  • Amount of coal burnt – 989,770 tonnes with a market value of PLN 986,405,005
  • As a result, we cut carbon emission by 938,005 tonnes.
  • This amount is absorbed each year by 134,000,749 trees (191,430 ha of forest)*
  • This amount of energy would be sufficient to heat 250,974 houses with a floor area of 160 m2 for a year (energy demand of 100 kWh/m2/year has been assumed)

The planned reduction in energy demand in 2021 as a result of the thermal modernisation conducted – 526,972 GJ/year, which gives:

  • Energy saved – 146 GWh
  • White certificates – 12,587 certificates worth PLN 24,090,580
  • Amount of coal burnt – 36,080 tonnes with a market value of PLN 35,957,707
  • As a result, we cut carbon emission by 34,193 tonnes
  • This amount is absorbed each year by 4,884,768 trees (6,978 ha of forest)*
  • This amount of energy would be sufficient to heat 9,149 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.