Ukrainian co-owners of apartment buildings and private homeowners now have updated terms for subsidized heat pump financing. On February 16, 2026, the Cabinet of Ministers announced an expansion of the energy support program under which the state compensates up to 70% of the equipment cost for homeowners’ associations (HOAs) and housing cooperatives. The program launches on February 19.
Key figures:
- Up to 70% compensation on the heat pump cost for HOAs and housing cooperatives (cap — UAH 2 million)
- Up to 30% compensation on the loan principal for private homes
- Loan for the multi-apartment sector — up to UAH 3 million for up to three years
- Loan for private homeowners — UAH 10–480 thousand for 10 years
Two parallel program tracks launch on February 19
According to the Cabinet of Ministers of Ukraine, the updated instrument is split into two separate tracks. One targets homeowners’ associations and housing cooperatives; the other addresses private households. The launch was announced by Minister of Economy, Environment and Agriculture Oleksiy Sobolev. Both tracks operate through the “Affordable Loans 5–7–9%” initiative involving 43 banks. We previously examined the principles behind energy efficiency loans in Ukraine and the reimbursement mechanism — this program follows the same logic, but with a higher level of support for renewable energy systems.
Terms for HOAs and housing cooperatives: 70% for a heat pump
For the multi-apartment sector, the Energy Efficiency Fund offers to cover a share of costs across three equipment categories. A heat pump — whether ground-source or air-source — is subsidized at the highest rate: 70%, but no more than UAH 2 million per building. The same percentage applies to a solar power plant or energy storage system, though with a higher cap of up to UAH 4 million. For a generator, the compensation is lower: 50% and up to UAH 1 million.
The remaining cost is financed through a loan: up to UAH 3 million over a term of up to three years. The interest rate is tiered by year: 0% in year one, 5% in year two, and 7% in year three. The required down payment depends on the equipment type — an HOA covers half the cost for a generator and 30% for a renewable energy source. Each HOA is limited to one unit of each type: generator, solar power plant, and heat pump. The loan also covers auxiliary components and installation work needed to commission the system.
What private homeowners are offered
For standalone homes, the government is launching a separate loan product aimed at autonomous power supply, with part of the amount offset by a state rebate.
- Loan amount — UAH 10–480 thousand
- Term — up to 10 years
- Rate — 0–7% per annum for the first three years, then at the bank’s standard terms
- Compensation — up to 30% of the loan principal
- Restriction — one loan per address
The full compensation amount for private homeowners is available for a comprehensive solution: a heat pump, battery storage, and solar power plant combined. Such a package ensures minimal dependence on the external grid.
When this support actually makes financial sense
For those weighing a gas boiler against a ground-source or air-source heat pump, the program substantially changes the economics of the decision. The 70% HOA compensation effectively reduces the question to installation and connection costs, provided the project estimate stays within UAH 2 million. For private homes the benefit is smaller — and it is only fully realized with a complete system configuration, so it is worth calculating the battery and solar component costs separately to determine whether the investment makes sense in your specific case.
The operational side also deserves attention: a heat pump runs on electricity, and the final economics depend on the applicable tariff. In this context, it is worth recalling the current preferential electricity tariff for heating — it directly affects the payback period for heat pump systems. The final lending decision rests with the bank, and each partner sets its own documentation requirements, so it is advisable to confirm the list and procedure before visiting a branch.
Frequently Asked Questions
Can multiple loans be taken out for the same private home address?
No. For the private sector, the program allows only one loan per address.
How many units of equipment can a single HOA finance?
Each association or cooperative is limited to one generator, one solar power plant, and one heat pump.
Sources: Кабінет Міністрів України, Фонд енергоефективності
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Prepared by the Alternative Energy editorial team with the help of AI based on the sources listed; facts and figures were checked against them during automated editorial review. How we prepare articles
