In the field of energy policy, a has arisen significant change, promoted both at national and European level. This change focuses on promoting energy self-consumption through the installation of solar panels, storage and hot water systems. Initiatives such as direct subsidies, tax credits and deductions reflect a growing commitment to a more sustainable and energy independent future.
Next, We will explore in detail the help available in 2024 for the installation of solar panels, batteries and aerothermal, highlighting how these collective efforts are paving the way towards a greener and more efficient energy transition.
Direct subsidies in 2024
He 2 December 2021, The largest package of direct aid to date for the installation of solar panels was launched, energy storage and domestic hot water: heNext Generation EU, part of the Recovery Plan, Transformation and Resilience. With a budget of more than 1.300 million euros, This program significantly promoted the deployment of renewable energies in Spain, in both residential and industrial settings.
Although the Next Generation EU program concluded on 31 December 2023, It is expected that throughout 2024 new aid is announced. Last October, the European Commission approved an addendum that will allow funds allocated to Spain to be mobilized until 2026, reaching up 25.600 million euros in 2024.
In summary, It seems that the availability of funds for projects, including aid for the installation of photovoltaic self-consumption, will continue in 2024 and the next few years.
Bonuses and tax deductions in 2024
Although direct aid has disappeared, It is still possible to benefit from bonuses and tax deductions for the installation of solar panels.
- IBI by ICIO: Some of the tax aid available are bonuses on the Real Estate Tax (THE PLACE) and in the Construction Tax, Installations and Works (ICIO), that vary according to what is stipulated by each municipality.
- IRPF: Another possible tax deduction is in the Personal Income Tax (IRPF), with different percentages according to the improvement in energy efficiency.
- reduced VAT: The Government has implemented a reduction in VAT 21% al 10% in photovoltaic self-consumption installations.
Ecohousing Plan in Andalusia
Andalusia has expanded its Ecohousing Plan with a budget of 215,1 million euros up to 5 April of 2024. This plan encourages the installation of renewable energies, like solar panels, with specific requirements for improvement in energy efficiency.
Conclusions for 2024
In 2024, the outlook for photovoltaic self-consumption remains promising. Government and municipal aid creates an enabling environment for homes and businesses to benefit from the use of solar energy. Subsidies and tax deductions represent a great opportunity to reduce investment and access this technology.
We hope to confirm the availability of funds soon; stay up to date with our updates. Contact us for more information about the installation of your solar panels and the management of aid and subsidies.
