The Italian government had one of the early invasive experiences of the covid-19 pandemic. Scientists in Italy responded to the global crisis with serious research into the concern. Perhaps results of these inquiries and related information have affected policy makers. Italian homeowners now have new opportunities to put clean energy on the top of their roofs.
“The Italian government has allocated €55 billion ($60 billion) in stimulus perks through the Relaunch Decree on Economic Stimulus Measures to help revive the country’s economy as it slowly exits its Covid-19 lockdown,” pv magazine reports.
The new policy builds off of what was already called an “eco-bonus,” which is a tax rebate for certain green projects. Sustainably focused building-renovation projects can now get a 110% tax rebate instead of a 65% rebate, and PV installations and storage systems associated with such projects also get 110%, instead of the previous 50%. If not linked to qualifying renovation projects, the tax rebate will remain at 50%.
This is part of a larger stimulus package the Italian government launched to stimulate the economy after the covid-19 linked economic collapse.
The program currently runs from July 1, 2020, to Dec. 31, 2021.
“The authorities will apply the 110% tax break to three types of renovation projects, including building insulation, the replacement of cooling and heating systems in multi-unit apartment buildings, and the replacement of cooling and heating systems in single-family homes,” pv magazine continues. “All PV projects linked to building renovations that will not be included in these categories will not be granted the super eco-bonus, but will still be awarded the 50% tax break.
“Homeowners will have three ways in which to secure the eco-bonus: through the tax deduction over a period of five years, via the transfer of the tax-deductible allowance for installers and product suppliers, and through invoiced discounts. With the first option only, homeowners will have to accept the initial investment costs, while with the other two options, no initial spending will be required.”
- Airborne Coronavirus: Scientists In Italy Find Coronavirus On Air Pollution Particles
- Italy’s EV Sales Hit New Records In February Amidst Wider Market Crisis — 10 Times Last Year’s Sales!
- 2020 Starts With A Bang For Italy’s EV Market — January Sales Up 587%!