With the aim of promoting sustainability and improving the quality of life, the Ministry of Mines and Energy, the Ministry of Housing, City and Territory and the National Savings Fund (FNA) signed a memorandum of understanding (MoU) that will facilitate the access to financing for housing improvements with renewable energy solutions.

The FNA loans will finance the acquisition and installation of solar panels in low-income households, allowing access to clean energy, infrastructure improvements and reduction of energy bills. The estimated loan amount per household is between 2.3 and 4.6 thousand dollars.

The loans will offer favorable rates for households with lower incomes, starting from 10% effective annual rates for households with incomes of up to 2 current legal minimum wages. In addition, the loans will have larger financing terms and there will be no penalties for total or partial pre-payment.