Factsheet: Zero percent interest loan for housing renovation

Zero percent interest loan for housing renovation

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Description: 
The zero percent-interest loan for housing renovation was introduced by the Finance Act of 2009 within the frame of the Environment Grenelle. It allows the financing of work aiming at improving the energy performance of the housing without paying a cash advance and without paying interests. One of the conditions in order to benefit from the loan is to carry out a bunch of works, consisting of at least two actions including the installation of a heating plant or of a sanitary hot water system using renewable energies (Art. 244 quater U, §2, CGI). Only one loan can be granted per housing unit. Moreover, the housing unit shall be a main residence built before 1990 (Art. 244 quater U, §1, CGI). For biomass plants the following are eligible: Wood fuelled heating plants, provided they comply with the requirements of the third rate (“classe 3”) as defined in the Annex II (Art. 7, Arrêté du 30 mars 2009). Wood-burning stoves, wood-fired hearths as well as fireplace inserts are also eligible, provided they have an energetic performance of at least 70% (Art. 7, Arrêté du 30 mars 2009).
Goal/Aim: 
Stimulate renewable energy in buildings.

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