In recent times, the energy issue has become a topic of daily discussion. There is increasing debate about the role and importance of renewable energy in the context of energy transition. Traditional forms of energy supply are no longer sustainable from various perspectives, not just environmentally. Geopolitical uncertainties and speculation have led to a significant increase in electricity and gas costs. For this reason, the idea of focusing on alternative solutions is gaining strength, starting with everyday choices that primarily concern homes. It is no coincidence that today, those who choose to renovate their homes are increasingly considering the installation of photovoltaic panels, also taking advantage of the excellent tax incentives currently available.
Install a Photovoltaic System at Home
The operation of photovoltaic panels is based on the use of small photovoltaic cells made of amorphous silicon, mono or polycrystalline, which, thanks to a series of chemical reagents, create a connection between them, called a photovoltaic module. This device allows the conversion of solar radiation into electricity.
What is the Photovoltaic Renovation Bonus?
The Photovoltaic Renovation Bonus is part of the broader 50% Renovation Bonus. This includes works for the energy efficiency of a property. This bonus consists of a 50% tax deduction, allowing for the recovery of half of the expenses incurred for installing photovoltaic panels, with a maximum spending limit of 96,000 euros. The deduction will be granted in 10 equal annual installments. Therefore, by purchasing and installing a photovoltaic system costing 20,000€, the Revenue Agency will deduct a total of 10,000€ from the applicant’s IRPEF, distributed in 10 installments of 1,000€ each year.
The incentive expires on December 31, 2024. To benefit from this bonus, all expenses must be incurred by the prescribed deadline. Additionally, for the installation of a photovoltaic system, it is possible to request a reduction of VAT to 10% if the installation is carried out by the same supplying company.
What Interventions are Included in the Photovoltaic Renovation Bonus?
The Photovoltaic Renovation Bonus does not only cover the cost of purchasing the system but includes various types of interventions, such as its installation and maintenance. The incentive also applies to labor costs and the purchase of accessories. More specifically, the bonus includes:
- design
- professional consultancy
- purchase of necessary materials
- inspections and technical surveys
- scaffolding construction
- VAT
- stamp duty
- work authorization
- concession rights
- waste disposal.
How to Obtain the Photovoltaic Renovation Bonus?
To obtain the 50% Renovation Bonus for photovoltaics, it is necessary to send the ENEA communication within 90 days of the completion of the interventions. All payments to be submitted must be made via a specific bank transfer, specifying the reason for the payment, the VAT number of the recipient, and the tax code of the beneficiary. It is also necessary to keep the purchase and installation certificate of the photovoltaic system, with the related certifications of a specialized technician and all administrative authorizations. This documentation must be presented at the time of the tax return.
- benefit from the Fifth Energy Account
- aim to produce energy not only for private use but also for commercial purposes.
Additionally, the energy produced cannot be resold to the GSE.
Are you thinking of renovating your home and installing solar panels? Would you like to take advantage of the available bonuses and a zero-interest loan for your renovation? If you want to know in detail all the requirements and procedures to obtain the Photovoltaic Renovation Bonus for your specific case, contact us immediately. Our experts will be happy to provide you with their specialized advice on renovation, tax, and construction matters.
