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Aid and subsidies for the installation of solar panels in Valencia

 

4.

Up to 95%.

 

3.

Between 25 and 50% up to 10 years.

 

2.

Up to 20% deduction in personal income tax.

 

1.

With a total amount of 67,307,084€ for the region.

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Txtos Brbujas Ayudas

1. Next Generation state self-consumption aid

After two years of operation, on December 31, 2023, the Next Generation EU program came to an end. Now the question is: will there be an expansion in 2024? Although the sources consulted indicate that new aid will be announced soon, we cannot yet confirm that this is really going to be the case. For now, we can only say that last October the European Commission approved an addendum that will allow the mobilization of all the funds allocated to Spain from the Next Generation EU program until 2026. Addendum that includes a new disbursement schedule, which foresees that Spain can receive up to 25.6 billion euros in 2024, up to 44.6 billion in 2025 and up to 44.3 billion in 2026.

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2. Income Tax Deductions (IRPF)

We will be able to deduct 20% in the Income Tax Declaration of the amount of the total amounts invested in the photovoltaic installation in our habitual residence. We may also carry out this deduction in collective facilities intended for any of the purposes indicated below and that are not related to the exercise of any economic activity. Electrical self-consumption installations, as established in article 9.1.a of Law 24/2013, of December 16, on the Electrical Sector, and its implementing regulations (modality of supplying electrical energy with self-consumption). Installations for the production of thermal energy from solar energy, biomass or geothermal energy for the generation of domestic hot water, heating and/or air conditioning. Installations for the production of electrical energy from solar photovoltaic and/or wind energy, for the electrification of homes isolated from the electrical distribution network and whose connection to it is unfeasible from a technical, environmental and/or economic point of view. It is a basic requirement to be able to request this deduction in personal income tax that the installation be located in our habitual residence.

3. IBI tax credit

The Real Estate Tax (IBI) is a municipal rate established by each city council that affects all owners of real estate. In the city of Valencia you can get a 50% bonus on the full share of the Real Estate Tax for predominantly residential use, and a 25% bonus on the full share of the Real Estate Tax with cadastral use other than residential. This bonus can be claimed at any time prior to the end of the bonus duration period. The bonus will be applied from the year following the completion of the installation, and its maximum duration will vary depending on the cadastral value of the property in force in the year of completion of the works: Up to €75,000 of cadastral value: 10 years. From €75,000.01 to €110,000: 7 years. From €110,000.01 to €130,000.00: 4 years. From €130,000.01 to €150,000.00: 3 years. From €150,000.01 to €180,000.00: 2 years. From €180,000.01 to €250,000.00: 1 year. From €250,000.01: 0 years. Requirements to request this help: That the taxable person submit the request for a bonus at any time prior to the end of its duration period. That the systems that have been installed in buildings for the generation of electricity or heat production have the corresponding approval from the competent Administration. That all the documentation detailed in the corresponding section be provided. That the request obtains a favorable report from the Climate Emergency and Energy Transition Service or, where appropriate, the one that is competent due to the matter.

4. ICIO tax credit

The Tax on Constructions, Installations and Works (ICIO) is an indirect tax that is paid for any construction, installation or work in which a building or urban planning license has been required, regardless of whether it has been obtained or not. In Valencia the bonus will be 95% on the Tax on Constructions, Installations and Works, for carrying out works that incorporate systems for the thermal or electrical use of solar energy for self-consumption. Natural persons, legal entities, or entities of art. can request this bonus. 35.4 of the General Tax Law: That they are owners of the construction, installation or work indicated, that is, that they bear the expenses or costs involved in its execution (whether or not they are owners of the property on which it is carried out). They are obliged to pay as taxpayers. That they request the corresponding licenses or carry out the construction, installation or work mentioned. They are obliged to pay as taxpayer substitutes. It must be proven that the facilities incorporate systems for the thermal or electrical use of solar energy for self-consumption.

A FEW MORE QUESTIONS

Who can request the IBI bonus in Valencia? Any interested party who has the status of taxable person for the purposes of the Real Estate Tax, with respect to a real estate in which the stipulated requirements meet. In Valencia the bonus will be 95% on the Tax on Constructions, Installations and Works, for carrying out works that incorporate systems for the thermal or electrical use of solar energy for self-consumption. Natural persons, legal entities, or entities of art. can request this bonus. 35.4 of the General Tax Law: That they are owners of the construction, installation or work indicated, that is, that they bear the expenses or costs involved in its execution (whether or not they are owners of the property on which it is carried out). They are obliged to pay as taxpayers. That they request the corresponding licenses or carry out the construction, installation or work mentioned. They are obliged to pay as taxpayer substitutes. It must be proven that the facilities incorporate systems for the thermal or electrical use of solar energy for self-consumption. In Valencia the bonus will be 95% on the Tax on Constructions, Installations and Works, for carrying out works that incorporate systems for the thermal or electrical use of solar energy for self-consumption.

When can you request the ICIO bonus? Within the period for self-assessment of the tax, that is, one month from the notification of the granting of the license or at the time of presentation of the responsible declaration or prior communication.

To request aid for installing solar panels in Valencia, can I present a budget for the installation prepared by myself? The budget must be prepared by the company that carries out the installation and be sufficiently broken down. The budget must clearly identify the eligible costs subject to the subsidy. Eligible costs are those listed in Annex AI.2 of RD 477/2021.

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