Photovoltaic is an increasingly popular solution for the production of clean and economical energy. In Italy, the government has introduced the photovoltaic bonus as an incentive for the installation of solar systems. In 2024, the bonus will undergo changes concerning the amount and methods of disbursement. But how exactly does the PV bonus work? What are the requirements to apply for it and what documents are necessary? In this article we will analyze in detail all the useful information to obtain the photovoltaic bonus
How does the photovoltaic bonus work?
The photovoltaic bonus is an economic incentive provided for families and businesses that install photovoltaic systems on their homes or buildings. In particular, the bonus consists of a tax deduction of 50% of the expenditure incurred for the purchase and installation of the system, with a maximum ceiling of 48,000 euros. This means that if you decide to install a photovoltaic system with a total cost of 20,000 euros, you can take advantage of a tax deduction equal to 10,000 euros, thus reducing the income tax to be paid. However, it is important to remember that the bonus cannot be combined with other incentives or tax breaks provided for the same type of intervention. In addition, it is possible to request the bonus only for photovoltaic systems connected to the national electricity grid and not for those used exclusively for domestic or off-grid use
What is the amount of the photovoltaic bonus?
The amount of the photovoltaic bonus in 2024 will change compared to previous years. Starting from January 1, 2024, the bonus will be extended to all taxpayers and not just to families with an income of less than 60,000 euros per year, as expected in the past. In addition, the maximum bonus amount will be reduced to 32,000 euros per home or building. This means that the tax deduction will always be equal to 50% of the expenditure incurred, but the ceiling will be lower than in the past. In any case, it is important to consider that the installation of a photovoltaic system involves significant savings on electricity bills in the long term, thanks to the production of clean and autonomous energy. So, even if the bonus amount were to be reduced, investing in solar energy can still be convenient and profitable from an economic and environmental point of view
How to apply for the photovoltaic bonus?
To apply for the photovoltaic bonus, it is necessary to submit a specific application to the Revenue Agency. The application can be sent electronically through the agency’s website or through a qualified intermediary such as an accountant or a technician in the sector. In addition, in order to benefit from the bonus, it is necessary that the photovoltaic system has been installed by qualified professionals and that all the technical and regulatory requirements required by law have been respected. In particular, the system must have a power not exceeding 20 kWp and must have been installed on an existing building. It is also important to keep all the documentation relating to the purchase and installation of the system, as it may be required in case of checks by the Revenue Agency. Finally, it is possible to request the photovoltaic bonus even in the case of building renovations or energy upgrading of buildings, provided that certain technical and regulatory requirements are respected
What documentation is necessary to apply for the photovoltaic bonus?
To apply for the photovoltaic bonus, it is necessary to submit a series of documents that attest to the regularity of the installation of the system. In particular, it is necessary to produce the purchase invoice and the certificate of conformity issued by the professional installer. In addition, the declaration of compliance of the system with the technical standards required by law must be attached to the application for the bonus. Finally, it is important to keep all the documentation relating to the intervention for at least 10 years starting from the date of the request for the photovoltaic bonus. This documentation may be required in case of checks by the Revenue Agency or other bodies responsible for controlling tax breaks. If the installation has been carried out on a condominium building, it is also necessary to submit a declaration in lieu of a notary act signed by the condominiums interested in the intervention, or a resolution of the condominium assembly that certifies the authorization to intervene and the commitment of the condominiums to contribute to the expenses
Times and methods of disbursement of the photovoltaic bonus
The photovoltaic bonus is disbursed in installments and deferred, that is, divided into several tranches and credited directly to the invoice. In particular, the tax deduction of 50% of the amount spent on the purchase and installation of the plant is divided into 10 annual installments of the same amount. The first installment is paid in the year following the year the surgery was carried out, while the subsequent ones will be credited in the following years. It is important to emphasize that the photovoltaic bonus is not immediately available in the form of a refund or discount on the electricity bill, but must be used exclusively to offset income tax. In addition, it is possible to transfer the tax credit to third parties, such as the bank that financed the purchase and installation of the photovoltaic system. In any case, it is necessary to wait until the deadline for the disbursement of the photovoltaic bonus before being able to take advantage of the tax deduction required by law.
In conclusion, the photovoltaic bonus represents an important incentive for the installation of solar systems, which make it possible to produce clean and autonomous energy. In 2024, the bonus will undergo some changes regarding the maximum amount and the audience of beneficiaries, but it still remains a convenient and advantageous incentive from an economic and environmental point of view. To request the bonus, it is necessary to submit a series of documents that attest to the regularity of the installation of the system, complying with all the technical and regulatory requirements established by law. Finally, it is important to consider that the bonus is disbursed in a deferred and installment manner, divided into 10 annual installments, to be used exclusively to offset income tax. Investing in solar energy is an important choice to contribute to the reduction of greenhouse gas emissions and energy savings, while guaranteeing a significant economic advantage in the long term.