Picardie (France)

Incentive scheme

The Picardie Region of France launched a zero interest loan scheme for energy efficiency improvements in partnership with local banks. The main aims of the scheme were to:

  • Achieve 30% reduction in heating consumption, saving approximately €300-350 per year per household
  • Stimulate the insulation market in Picardie and generate €100m in work for local building companies

The loan scheme was aimed at tenants and owners for energy efficient insulation works. Residents could apply for up to €6,500. The individual sends their application to the bank with the seal of the company who will complete the work. The bank replies in 48 hours and pays the company directly when the work is finished. The individual pays off the loan but Picardie Region pays off the interest. The first phase of the scheme enabled €18m of works to be completed, at a cost of €1.2m to the region. The scheme was then expanded, generating over €100m in work at a cost of €10m to the region (FEDARENE, 2010).