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What tax benefits and money off can you get when installing solar panels in Alicante and Valencia?
Ecosolarspain offers expert advice on the savings you can make when you decide to install solar panels
Image: Freepik
These days we’re all looking for ways to save a little money and in the fair provinces of Alicante and Valencia, the sun can be one of our most useful cost-cutting allies. On average, the Valencian Community enjoys more than 300 days of sunshine each year, so it’s no surprise that 20% of the energy produced in this region is completely renewable.
This is great news for home and business owners, who can benefit from several tax breaks and self-consumption bonuses when installing solar panels.
With renewable energy set to surpass non-renewable sources in the very near future, the Recovery, Transformation and Resilience Plan of the Spanish government has earmarked several millions of euros in funding to promote and encourage electrical self-consumption.
As such, residents of Alicante and Valencia who opt to install solar panels can benefit from three main tax breaks:
- Personal income tax deductions: In this case, 40% of the installation cost can be deducted in your income tax return, provided the solar panels are erected in the habitual residence i.e. the place where you live most of the time. If it’s a second home, then tax payers are still entitled to a 20% deduction.
- IBI bonus: Impuesto sobre Bienes Inmuebles (IBI) is a tax all owners must pay on their property. The tax break here varies depending on the region, but the bonus can be anything between 15% and 50%.
- ICIO bonus: the ICIO is a tax on construction, installation or work on a property and in some cities, such as Valencia, Elche and Alcoy, the tax break can be as high as 95%.
For expert advice on the savings associated with installing solar panels in your home or business, contact Ecosolarspain today:
staff.inc.and
Address
El Bull 8, Partida del Belich, Monovar (03640) AlicanteTel: 966 318 044
Mobile: 677 787 384
Mobile: 677 787 384
Ecosolarspain is your first stop for clean energy and solar power installations in Spain
Ecosolarspain is an independent solar energy installation company based in Monóvar, Alicante with over 15 years professional experience on the Costa Blanca and further afield.
The company provides alternative solar energy solutions to power your home or business and its large selection of 
solar products combined with professional solar installation services make for the complete solar package.
solar products combined with professional solar installation services make for the complete solar package.Spanish registered and certified, Ecosolarspain is totally dedicated to renewable energy and specialises in the market's leading Solar Panels, Batteries, Inverter Chargers, residential and commercial Off-Grid, and On-Grid solar energy systems.
Ecosolarspain has installed 43,000 solar panels since it was founded in 2007, at almost 2,700 homes and commercial properties, providing 90,000 kilowatts of power.
Installations cover all types of thermal solar hot water systems, ideal for domestic hot water, swimming pools, or split systems that will do both, and full central heating systems.
And the company prides itself on providing guidance and support to ensure clients reap the maximum
benefits that solar energy has to offer. Ecosolarspain installs to a standard and not a price, using the best available products on the market, which gives the firm and edge, and, in addition, guarantees a lifetime solar power single point of contact and accountability.
benefits that solar energy has to offer. Ecosolarspain installs to a standard and not a price, using the best available products on the market, which gives the firm and edge, and, in addition, guarantees a lifetime solar power single point of contact and accountability.The firm's professionalism, excellent after sales service, free delivery on purchases of 500 euros or more and price promise have established Ecosolarspain as a leading provider of solar energy installations on the Costa Blanca and neighbouring regions.
