TAX ADVANTAGES OF INSTALLING SOLAR PANELS IN SPAIN (UPDATED 2024)
Deductions and bonuses to take into account when we install solar panels
For both individuals and companies, the installation of solar panels in Spain offers attractive tax advantages that can considerably reduce the cost of the investment: Deductions in Personal Income Tax (IRPF): - 20% deduction: 20% of the total amount invested in the installation of photovoltaic solar panels in your habitual or rented home can be deducted, provided that the installation works are carried out before December 31, 2024. The maximum to be deducted It is €5,000. - 40% deduction: If the installation of solar panels allows you to reduce at least 30% of the cooling and...