TAX ADVANTAGES OF INSTALLING SOLAR PANELS IN SPAIN (UPDATED 2024)
Deductions and bonuses to take into account when we install solar panels
06/06/2024
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 heating demand of your home, you can deduct 40% of the total invested, with a maximum of €7,500.
Requirements to access deductions:
1. Submit the corresponding personal income tax return along with the invoice and installation certificate.
2. The installation must comply with the technical requirements established by current regulations.
3. The home must be classified as a habitual or rented residence.
Other bonuses:
- Real Estate Tax Bonus (IBI): Some town councils offer IBI bonuses for homes with solar panels. The amount and duration of the bonus vary depending on the municipality.
- Aid and subsidies: There are various public aid and subsidies for the installation of solar panels, both at the state, regional and local levels. Information about this aid can be found on the websites of the corresponding public administrations.
It is important to highlight that these are just some of the main tax advantages of installing solar panels in Spain. For more detailed and updated information, I recommend that you consult with a professional specialized in taxation or the Tax Agency.
In addition to the tax advantages, remember that installing solar panels will allow you to save on your electricity bill, reduce your carbon footprint and contribute to the fight against climate change.
In short, if you are thinking about installing solar panels in your home or business, do not hesitate to find out about the tax advantages you can obtain. It is an investment that can be very profitable in the long term, both economically and environmentally.
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 heating demand of your home, you can deduct 40% of the total invested, with a maximum of €7,500.
Requirements to access deductions:
1. Submit the corresponding personal income tax return along with the invoice and installation certificate.
2. The installation must comply with the technical requirements established by current regulations.
3. The home must be classified as a habitual or rented residence.
Other bonuses:
- Real Estate Tax Bonus (IBI): Some town councils offer IBI bonuses for homes with solar panels. The amount and duration of the bonus vary depending on the municipality.
- Aid and subsidies: There are various public aid and subsidies for the installation of solar panels, both at the state, regional and local levels. Information about this aid can be found on the websites of the corresponding public administrations.
It is important to highlight that these are just some of the main tax advantages of installing solar panels in Spain. For more detailed and updated information, I recommend that you consult with a professional specialized in taxation or the Tax Agency.
In addition to the tax advantages, remember that installing solar panels will allow you to save on your electricity bill, reduce your carbon footprint and contribute to the fight against climate change.
In short, if you are thinking about installing solar panels in your home or business, do not hesitate to find out about the tax advantages you can obtain. It is an investment that can be very profitable in the long term, both economically and environmentally.