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Alpha Energy

 

Alpha Bank, in the context of its social and environmental responsibility and contribution, now offers the Alpha Energy loan. Alpha Energy is a specialised loan that encourages the use of Renewable Energy Sources, and is offered with very attractive terms.

 


Alpha Energy is offered exclusively for the financing of the total cost of photovoltaic power systems, including purchase and installation expenses. It offers individuals and companies the opportunity to save energy or even invest in the production of solar energy.

 

Product Characteristics

  • Maximum loan amount:
    • Up to €70,000 for private individuals and organisations that do NOT exercise economic activity (for systems up to 10 KW), and
    • Up to €140,000 for private individuals or organisations that exercise economic activity (for systems up to 20 KW)
  • Very competitive interest rate
  • Financing of up to 100% of the system's purchase and installation cost
  • Long repayment period up to 15 years
  • Grace period of up to 6 months
  • Possibility of early settlement at no extra cost
  • Easy repayment of the loan through the financial incentives it offers:
    • Receipt of Government grant (up to 55% of the purchase cost of the above systems)
    • Electricity Savings and/or the subsidy for the produced energy from E.A.C.


Security Requirements

  • Signed agreement for the following to be deposited into the loan account:
    • the Government Grant from the Ministry of Commerce, Industry and Tourism, and
    • the proceeds from the sale of produced electricity back to E.A.C.
  • Assignment of an insurance contract for the Photovoltaic Systems for the amount of the total value (covering fire, earthquake and natural disaster).

 

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