Personal Income Tax Deduction for Installation of Solar Panels 2024
In Spain, the Government promotes the use of renewable energies through deductions in the Personal Income Tax (IRPF).
Additionally, improvements to your home's energy efficiency can open up new opportunities to reduce your environmental footprint and enjoy a more sustainable lifestyle.
The benefits are many! Keep reading and discover more.
How can I make a Personal Income Tax Deduction for the Installation of Solar Panels?
The first thing we recommend is to consult with your trusted tax advisor, this way you can review your particular situation, to know how you can apply to make these personal income tax deductions depending on your case.
Homes Eligible for Personal Income Tax Deductions for Installing Solar Panels
The works can be carried out in your main residence or in any property you own intended for rental, as long as the latter is rented before December 31, 2025. However, certain areas such as parking spaces, storage rooms, gardens, among others, cannot be are eligible for this deduction.
Eligible Works
Works that reduce the consumption of non-renewable primary energy by at least 30% or improve the energy rating of the home to obtain an energy class "A" or "B" are eligible. It is essential to have an energy efficiency certificate issued by a competent technician before and after the works.
Deadline to Carry out the Works
From October 6, 2021 to December 31, 2024.
Tax Application Period
In the tax period in which the energy efficiency certificate is issued after the works, which must be before January 1, 2025.
Base and Percentage of Deduction
The base corresponds to the amounts invested in the works during the specified period, with a maximum of 7,500 euros, and the deduction percentage is 40%.
This summary is based on the information provided by the Spanish Tax Agency and can be consulted directly on its official website.
The personal income tax deduction for works to improve energy efficiency is a smart way to improve your finances and to promote sustainability.
Personal Income Tax Deduction for Energy Rehabilitation Works
Another alternative to optimize your tax deductions is through the deduction for energy rehabilitation works. Here are the details:
Eligible Homes
The works can be carried out in homes, parking spaces and storage rooms that you own that are in buildings with predominantly residential use. The part of the home used for economic activities is not considered eligible.
Eligible Works
They are those that reduce the consumption of non-renewable primary energy by at least 30% or improve the energy rating of the building to obtain an energy class "A" or "B". It is necessary to have a building energy efficiency certificate issued by a competent technician before and after the works.
Deadline to Carry out the Works
From October 6, 2021 to December 31, 2025.
Tax Application Period
In the tax periods of 2021, 2022, 2023, 2024 and 2025. It is necessary that the energy efficiency certificate be issued after the works before January 1, 2026.
Base and Percentage of Deduction
The base corresponds to the amounts invested in the works during the specified period, with a maximum of 5,000 euros, and the deduction percentage is 60%.
Remember that switching to solar energy has numerous benefits, not only for your finances, but for the future of future generations.
Don't miss the opportunity to take advantage of your personal income tax deduction for installing solar panels and take care of the environment!
