2019 TAX BREAKS FOR ENERGY SAVING AND UPGRADES
The 2019 Legge di Stabilità (Italian Finance Law) has extended the deadline to 31st December 2019 for energy saving tax breaks targeting work designed to improve building energy efficiency.
HOW TO TAKE ADVANTAGE OF TAX BREAKS?
An indispensable pre-condition for being eligible for tax breaks is that work is done on existing residential properties or buildings (or parts of them) or any other land registry category, including rural ones and those instrumental to business or professional activities.
ENERGY UPGRADING WORK
Work eligible for tax breaks is that designed to ensure energy performance improvements relating to both structural work and energy plants.
If more than one eligible work has been done, including if this is cumulative, the maximum tax break limit is the total of the sums paid for each work done. Tax breaks are broken up into ten annual instalments for work done from 2011 onwards.
MAXIMUM TAX BREAK BY TYPE OF WORK
For each type of work a maximum tax break has been set
| Type of work | Maximum tax break |
|---|---|
| Energy upgrading oh existing building (including doors and windows | 100.000 € |
| Building casing (walls) | 60.000 € |
| Solar panel installation | 60.000 € |
| Replacement of winter heating systems | 30.000 € |
SCALED ECO-BONUS FOR WORK ON APARTMENT BLOCKS
Energy efficiency work on apartment blocks is eligible for scaled eco-bonuses calculated according to the scale of upgrading work done and the energy savings results obtained.
- Upgrading work affecting 25% of the building’s casing is entitled to tax breaks increases up to 70%.
- Winter and summer energy performance improvements on an apartment block are entitled to bonuses increase of up to 75%
Incentives apply to expenses funding upgrading work taking place from 1st January 2017 to 31st December 2021 (5 years validity) and are calculated on the basis of total expenses to a maximum of 40,000 Euros. Sums are reimbursed over a five year period.
