Solar panel grants in Santa Margalida

Tax on Constructions, Installations, and Works (ICIO)

The ICIO is a fee that must be paid when applying for a photovoltaic installation license. In Santa Margalida, there is an exemption of up to 95% on the ICIO, thus facilitating the implementation of renewable energies. Note that this exemption may vary and may not exist in some municipalities.

Property Tax (IBI)

By installing a photovoltaic system, you can also benefit from a property tax exemption. The percentage of this exemption may vary depending on the municipality. In Santa Margalida, the exemption on the IBI for installing renewable energy is 50% for 3 years.

Construction License Fee

Besides the ICIO, a construction license fee must be paid at the time of installation, whose value varies depending on the municipality. It is important to note that this fee is not exempt.

Deductions in the Personal Income Tax (IRPF)

Finally, installing photovoltaic systems allows for deductions in the IRPF. You can deduct 60% of the investment amounts that improve the quality and sustainability of the homes. The basis of this deduction will consist of the amount actually paid to carry out the investments, with a maximum limit of 5000 euros per year.

Amounts paid and not deducted due to exceeding the annual maximum deduction base can be deducted, with the same limit, in the next four fiscal years, provided that the accumulated deduction base does not exceed 15,000 euros.