Social and Energy Efficiency Housing Finance Program - Preliminary Study

Project Description:

MicroEnergy International was commissioned by the Agence Française de Développement (AFD) to develop a simplified energy use assessment and monitoring tool (EUAMT), which will support the decision making by recommending renovation measures and investments eligible to the credit line and quantifying the associated energy savings, return on investments and environmental benefits. Additionally, MEI conducted training sessions with loan officers and head of departments, with the goal of facilitating the use of the EUAMT and raising awareness towards the benefits of energy efficient technologies. Apart from the EUAMT development, MEI coordinated and organized the launching ceremony of the Social & Housing Energy Efficiency Finance Program in Armenia, an event which gathered more than 100 participants from academia, banking sector, governmental representatives, and international agencies.

Fig 1. Tool Training

Recommended Technologies:

Based on the current characteristics of the end-user’s dwelling, the Energy Use Assessment and Monitoring Tool (EUAMT) recommends energy efficient renovation measures, eligible for the specific credit and bonus offered by the program. The measures cover improvements related to wall insulation, windows, doors, and heating system. 


Armenian National Mortgage Company and the network of Partner Financial Institutions.

Project objectives:

The project aims at developing a tool which will allow banks and their credit risk departments to:

  • assess the baseline energy consumption and costs of   households
  • identify areas and leverages for improved energy savings and CO2 emission reduction
  • control the financed energy investments.

Fig 2. Tool Training 2




Time Period:

March 2014 – June 2014