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ARTICLE · 16 OCTOBER 2025

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Thermal Account 3.0

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Given that applications under Thermal Account 2.0 were accepted by the GSE at a surprising rate of 96% between 2013 and 2024 (according to official GSE data), the expansion of the benefits provided by Thermal Account 3.0 confirms the high absorption capacity of the incentive system

MaltaEnergy and Natural Resources
Pietro Rossi
Pietro Rossi
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The Thermal Account 3.0 season is finally here. The new incentive measure is set out in the Decree of 7 August 2025, issued by the Ministry of the Environment and Energy Security and published in the Official Gazette no. 224 of 26 September 2025.

Thermal Account 3.0 provides a non-repayable grant for the energy upgrading of buildings owned by public administrations and third-sector entities, as well as residential and commercial buildings. A total of €900 million per year has been allocated of which €500 million is earmarked for private companies and €400 million aimed to the public sector.

The grants will be paid by the GSE in annual installments over a period of between 2 and 5 years, covering up to 65% of the investment's total eligible costs.

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