PHOTOVOLTAIC INCENTIVES

PHOTOVOLTAIC INCENTIVES

25 marzo, 2019 0 By admin

When you decide to continue with a solar system, it is a matter of embarking on a bureaucratic and technical journey not just. 

It is very important to know as much as possible about both solar thermal and photovoltaic systems. The market now offers many choices and many companies struggle for their share of the photovoltaic market. 

Green energies and their production is stimulated not only by falling solar panel prices, but also by the fact that you can now take advantage of many government incentives to reduce the economic impact on the portfolio of an average Italian family. 

In the following article I will talk about the facilities that are currently available in Italy and you can also see for yourself which photovoltaic is worthwhile.

Involving solar energy possible thanks to sunny direct action.In oriented collectors, after the reflection of solar radiation through a system of mirrors, and its transformation into thermal energy takes place, which can be used for the production of electricity.

Another method of producing solar radiation at the highest technical level is the solar panels. They directed the energy converter of solar radiation into electrical energy.

The methods of conversion of solar radiation

  • Photovoltaic conversion – Photovoltaic  cells exploit the photoelectric effect to produce direct current, by absorbing solar radiation. This effect allows the cells to directly convert photon energy into electricity, through a semiconductor material that carries electrical charges.
  • Active conversion
  • Photochemical conversion

PHOTOVOLTAIC INCENTIVES

Facilitation of solar panels

There have been reductions for solar panels for about ten years now. 

Something changes every year and there are always new incentives and prices decrease for solar panels. 

Certain benefits have preferred a type of plant and not only for what concerns the size or power of the plant. Let’s look at the whole discussion of what is going on .

The Revenue Agency with its official note made clear on the controversy opened some time ago, with regard to the possibility, for those who provide for the installation of photovoltaic panels, to use or not the tax deduction of 50% inherent in general building renovations .

Below you can see the official statement from the Revenue Agency regarding the photovoltaic panels tax deduction:

“The installation of photovoltaic panels for the production of electricity can be included in the facilitation (personal income tax deduction of 50%), but in this case the electricity produced cannot be incentivized through the so-called Conto Energia, foreseen by the DM 5 July 2012 (called Quinto Conto Energia) “. 

The IRPEF deduction of 50% concerning generic building renovations, also clarifies the AE, not only for the owners of the buildings but also for the holders of real or personal rights of enjoyment on the buildings object of the interventions. 

He has the right to deduct – adds the press office of the AE – also the cohabiting family member of the owner or holder of the property subject of the restructuring intervention, provided that he bears the costs and are in his name bank transfers and invoices”.

First of all, I would like to specify that in 2017 it is still worth talking about green, renewable energies. Photovoltaic panels and CO2 emission energy equal to zero pays off.

Let’s look at the 2017 Budget Law and the conclusions on incentives and tax deductions. In the past, Conto Energia was the program of the Italian government that encouraged all individuals to build photovoltaic systems and be connected to the electricity grid for sustainable energy production. 

This system was introduced in 2005 with a Ministerial decree and was the first energy account then regulated by other decrees, the latest arrival was the Fifth Energy Account of 5 July 2012.

PHOTOVOLTAIC INCENTIVES

Finally, after these decrees another one was approved, in 2017 Budget Law:

“Approved 2017 Budget Law: deductions 50% and 65% until 2018. For Condominiums: eco-bonus extended until 2021. For hotels and agritourisms: deductions at 65%.”

  1. Increased deductions of 50% for building renovation interventions was extended until December 31, 2017.

These renovations include photovoltaic systems and storage systems.

  1. Increased deductions of 65% for the energy redevelopment extended this too until 31 December 2017.

These deductions have the right to condominiums and businesses that have incurred the expenses for:

  •  Energy saving for heating;
  •  installing solar panels
  •  the replacement of winter air-conditioning systems (boilers, heat pumps)

The news are found above all for the condominiums and only for these the deductions of 65% have been approved until 2021.

To be honest, the 2017 Stability Law creates a super-amortization of 140% where practically all those who intend to buy machinery for interventions related to renewable energy (for example photovoltaic and solar thermal) and those for energy requalification (such as heat pumps).

In conclusion, those who want to make photovoltaics, should make the request for deductions by the end of the year. The advantages of this decision are obvious.

Incentive interventions

  1. Interventions to increase energy efficiency in existing buildings (RESERVED TO PA), wall and roof insulation; window replacement; solar shading installation;
    Transformation of existing buildings into “nZEB”; interior lighting; building automation and home automation technologies.Replacement of existing systems for winter air-conditioning with higher efficiency systems such as condensing boilers.
  2. Small scale operations for the production of thermal energy from renewable sources and high efficiency systems, Replacement of existing plants with generators powered by renewable sources: heat pumps, for combined air conditioning for domestic hot water; biomass boilers, stoves and thermo-fireplaces; hybrid heat pump systems.

In short, the incentives can be asked as: private citizens, public administrations and condominiums. While solar collectors should not exceed 50 square meters.

Tax deductions, instead, for those who intend to use the thermal account can have tax deductions of 50% until 31 December 2017. Once this deduction is made in practice, you will have 55% of the expense incurred is divided by 10 and each installment can be deducted from taxes for 10 years.

These are the latest news from the Ministry regarding photovoltaics and eco-sustainable energy. In future years other changes may occur and we should keep current with the changes in case you are not yet determined to create zero-impact energy.

The 2018 Budget Bill has recently been approved and is good news for anyone who has a photovoltaic installation project in mind. The extension of the tax bonus concerning solar panels and batteries was confirmed until 31 December 2018. 

The main novelty is the 65% Ecobonus extension for condominiums; the deadline of December 31, 2021 was postponed by one year, until 2022. Interventions carried out on real estate entail a credit which has a portability, subject to transfer to third parties. 

The council houses can take advantage of the deductions deriving from works of energetic requalification, with a deduction of 70% -75%.

The deduction of 50% for solar photovoltaic systems with the same methods as in 2017 remains valid under the 2018 Budget Law. It is a new deadline set for all expenses relating to the period 6 June 2013 and 31 December 2018 , in particular for the installation of solar panel systems for domestic use and for swimming pools. 

The 65% deduction for energy upgrading concerns the expenses incurred in the period included between January 1, 2015 and December 31, 2018. In this way any person who has installed solar panels can deduct them, for a maximum amount of € 60,000. The Ecobonus has extended the wave of interest towards energy savings also to construction, with an increase in restructuring.

It is a further push to improve the energy efficiency of the home, with particular regard to the impact on the environment. The solar panel system is a long-term investment that can bear fruit with savings on bills. It is necessary to rely on industry experts for the best solution for their needs.