KIEL INSTITUTE

Business overview

• Business purpose

  To promote the improvement of energy performance in private buildings, partial interest on construction loans is subsidized, thereby promoting the activation of Green Remodeling projects.

• Basis for promotion

  Article 27 of the Green Building Construction Support Act

• Project executor

  Green Remodeling Creation Center of Korea Authority of Land & Infrastructure Safety.

• Project duration

  Until the budget for interest support is exhausted from the announcement date of the respective year

• Support details

  The interest support for the energy performance improvement construction costs of existing buildings is provided at a maximum of 4% (including 5% for vulnerable classes, including basic livelihood recipients) according to the support criteria when entering into a loan agreement with the handling financial institution.

Support Procedure

Eligibility for support

All types of private projects that are planning or implementing green remodeling for energy performance improvement in existing private buildings, excluding completed projects, are eligible for application and support.

Support criteria

If the energy performance improvement rate is 20% or higher or the window energy consumption efficiency level is 3 or higher, interest of 4% is supported. The energy performance improvement rate can only be recognized by calculating the energy performance evaluation program or simple evaluation table designated by the Green Remodeling Creation Center.