Ecobonus at 110 for photovoltaic: how it works and what the benefits are
This is the perfect time to make your home greener by fully leveraging the new tax breaks. If you’ve always wanted to install photovoltaic systems, improve energy efficiency, or install infrastructure for electric vehicles, the 110% Ecobonus provided by the Relaunch Decree allows you to do all this for free. Specifically, with a 110% deduction for all expenses incurred from July 1, 2020, to December 31, 2021, which can be enjoyed in five annual installments of equal amount, or converted into a tax credit or an immediate discount equivalent to the deduction.
The Ecobonus has always existed: for some time, there have been deductions ranging from 50% to 65% for energy renovation projects, such as installing photovoltaic systems. For years, these deductions have been the only incentive tool supporting the construction of photovoltaic systems.
From a private individual’s perspective, the problem with these tax relief formulas was the need to advance the expenses out of pocket. With the new Relaunch Decree, approved to stimulate the national economy after the Coronavirus emergency, it is now possible to obtain a contribution equal to the planned expenses in the form of an upfront discount from the supplier or installer.
First and foremost, the interventions must be done correctly: from the beginning, it’s necessary to ensure, in addition to complying with the minimum technical requirements indicated by law, an improvement of at least two energy classes of the building, or achieving the highest energy class, “to be demonstrated by an Energy Performance Certificate (APE), before and after the intervention, issued by a qualified technician in the form of a sworn statement.” There are also eligible spending limits:
However, the following groups cannot benefit from the increased deduction (but must settle for the “normal” deductions of 50% and 65%):
Once the company to carry out the desired works is identified, to benefit from the 110% rate, the following requirements must be met:
Navigating the legal intricacies of a Decree is not always simple, so if you want to receive more detailed advice based on your specific needs, contact our team. At SIC DIVISIONE ELETTRONICA, we are ready to provide commercial, technical, and bureaucratic support to help you fully benefit from the 110% Ecobonus, obtaining the best thermo-photovoltaic technology, made in Italy, turnkey, guaranteed, and at zero cost.
What is the Ecobonus?
The Ecobonus has always existed: for some time, there have been deductions ranging from 50% to 65% for energy renovation projects, such as installing photovoltaic systems. For years, these deductions have been the only incentive tool supporting the construction of photovoltaic systems.
From a private individual’s perspective, the problem with these tax relief formulas was the need to advance the expenses out of pocket. With the new Relaunch Decree, approved to stimulate the national economy after the Coronavirus emergency, it is now possible to obtain a contribution equal to the planned expenses in the form of an upfront discount from the supplier or installer.
Requirements to Obtain the Ecobonus and Spending Limits
First and foremost, the interventions must be done correctly: from the beginning, it’s necessary to ensure, in addition to complying with the minimum technical requirements indicated by law, an improvement of at least two energy classes of the building, or achieving the highest energy class, “to be demonstrated by an Energy Performance Certificate (APE), before and after the intervention, issued by a qualified technician in the form of a sworn statement.” There are also eligible spending limits:
- €60,000 for the REPLACEMENT OF EXISTING CLIMATE CONTROL SYSTEMS with centralized systems for heating, cooling, or hot water supply with efficiency at least equal to class A. This intervention is also the minimum requirement for implementing other interventions and thus recognizing their economic value, namely:
- PHOTOVOLTAIC SOLAR SYSTEMS: a maximum expenditure of €48,000 with a nominal power limit of €2,400/kWp for the photovoltaic solar system, a limit that drops to €1,600 in the case of building renovations or other maintenance works.
- STORAGE SYSTEMS: if implemented together with or subsequent to the above photovoltaic systems, still within the same expenditure limit of €48,000, and with a nominal power limit of €1,000/kWh.
- CAR CHARGING STATIONS: also if implemented together with or subsequent to the above photovoltaic systems, with a specific expenditure limit of €3,000.
Who Can Benefit from the Ecobonus?
The eligible beneficiaries of the 110% Super Bonus are well-defined:- Condominiums
- Individuals, excluding those involved in business, arts, and professions, for single real estate units (but not for single-family buildings other than the main residence)
- IACP – Independent Public Housing Institutes and entities for buildings used for public residential purposes
- Housing cooperatives with indivisible ownership, for interventions on properties they own
However, the following groups cannot benefit from the increased deduction (but must settle for the “normal” deductions of 50% and 65%):
- Individuals engaged in arts and professions
- Entities earning business income (individuals, partnerships, corporations), with reference to “instrumental” properties
- Associations of professionals
- Public and private entities not engaged in commercial activities
How to Access the Ecobonus
Once the company to carry out the desired works is identified, to benefit from the 110% rate, the following requirements must be met:
- The interventions must ensure an improvement of at least two energy classes, demonstrated by the preparation of an Energy Performance Certificate (APE) before and after the intervention.
- It is necessary to prepare a sworn statement certifying the compliance of the works with the legal requirements and, above all, the appropriateness of the expenses incurred in relation to the subsidized interventions.
- The works must be carried out within the time frame from July 1, 2020, to December 31, 2021, so that every expense is recognized with a 110% deduction.
- The deductible interventions must be carried out on condominiums or single real estate units used as the main residence or on independent public housing institutes (IACP).
Request Assistance from SIC to Take Advantage of the Bonus
Navigating the legal intricacies of a Decree is not always simple, so if you want to receive more detailed advice based on your specific needs, contact our team. At SIC DIVISIONE ELETTRONICA, we are ready to provide commercial, technical, and bureaucratic support to help you fully benefit from the 110% Ecobonus, obtaining the best thermo-photovoltaic technology, made in Italy, turnkey, guaranteed, and at zero cost.
