Renewables

Italy enables homeowners to install PV systems for free

Italy-enables-homeowners-to-install-PV-systems-for-free

Photo: Pixabay

Published

June 2, 2020

Country

Comments

comments icon

0

Share

Published:

June 2, 2020

Country:

Comments:

comments icon

0

Share

The Italian government has raised the so-called eco-bonus for photovoltaic (PV) installations and storage systems from 50% to 110%, effectively enabling homeowners to install PV systems at no cost.

The higher subsidies are part of measures to bolster the country’s economy amid the COVID-19 crisis. Under the new provisions, the eco-bonus will be applied to all expenses incurred between July 1, 2020 and December 31, 2021, according to a report by pv-magazine.

The 110% eco-bonus will apply to three types of renovation projects – building insulation, the replacement of cooling and heating systems in apartment buildings, and the replacement of cooling and heating systems in family homes, according to the report.

PV projects that do not qualify for the 110% eco-bonus will still get the existing 50% tax break

PV projects that are linked to building renovations but do not qualify for the 110% super eco-bonus will still be awarded the existing 50% bonus.

Beneficiaries will have three ways to secure the eco-bonus: through the tax deduction over a period of five years, via the transfer of the tax-deductible allowance for installers and product suppliers, or through invoiced discounts.

The maximum price for PV systems is EUR 2,400 per kW installed

The maximum price set by the Italian government is EUR 2,400 per kW installed for PV systems and EUR 1,000 per kWh for storage systems, meaning that homeowners may have to face additional expenses – especially for storage – for projects that require high-quality components.

Over the past several years, the 50% eco-bonus for PV associated with sustainable-building projects has been one of the main drivers of solar energy development in Italy, according to pv-magazine.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Greece lowers 2030 renewable penetration goal in its final NECP

Greece lowers 2030 renewable penetration goal in its final NECP

19 July 2024 - Greece's final National Energy and Climate Plan (NECP) is expected to be submitted to the European Commission in the following days or weeks

Renewable energy spatial plan delayed again in Greece

Renewable energy spatial plan delayed again in Greece

19 July 2024 - It has now been ten years since the European Commission first asked Greece to modernize its renewable energy spatial plan

hydrogen germany subsidies

Germany providing EUR 4.6 billion in grants for hydrogen projects

18 July 2024 - Germany is disbursing EUR 4.6 billion in subsidies for 23 projects for hydrogen production, transportation and storage

Romania-ambitious energy storage plans 5 GW by end 2026

Romania’s ambitious energy storage plans: 5 GW by end-2026

18 July 2024 - These ambitious energy storage targets are aligned with transmission system operator Transelectrica’s recommendations and analyses