ENERGY SAVING
WHAT IS THAT'?
Taxpayers who carry out interventions that increase the level of energy efficiency of existing buildings can deduct part of the expenses incurred for the works from the personal income tax (Irpef) or from the corporate income tax (Ires). In particular, the holders of business income can benefit from the deduction only with reference to the instrumental buildings used in the exercise of the entrepreneurial activity.
The subsidy consists of a deduction from IRPEF or IRES and is granted when interventions are carried out that increase the level of energy efficiency of existing buildings. In general, deductions are recognized for:
the reduction of energy requirements for heating
thermal improvement of the building (insulation - floors - windows, including fixtures)
the installation of solar panels
the replacement of winter air conditioning systems
The deduction is also due for
the purchase and installation of solar screens;
the purchase and installation of winter air conditioning systems equipped with heat generators fed by biomass fuels;
the purchase, installation and commissioning of multimedia devices for remote control of heating, hot water production or air conditioning systems in housing units;
the purchase and installation of micro-cogenerators to replace existing plants;
the purchase of condensing hot air generators; the replacement of winter air conditioning systems with hybrid appliances consisting of a heat pump integrated with a condensing boiler
The deductions, to be divided into 10 annual installments of the same amount, vary according to whether the intervention concerns the single real estate unit or condominium buildings and the year in which it was carried out.
An indispensable condition for benefiting from the concession is that the interventions are carried out on existing real estate units and buildings (or parts of buildings), of any cadastral category, even if rural, including those instrumental for business or professional activity.
The subsidy can be requested for expenses incurred by 31 December 2021. For most of the interventions the deduction is equal to 65%, for others it is up to 50%.
In particular, from 1 January 2018 the deduction is equal to 50% for the following expenses:
purchase and installation of windows including fixtures and sun screens
replacement of winter air conditioning systems with systems equipped with condensing boilers with efficiency at least equal to class A of the product (from 2018, systems equipped with condensing boilers with an efficiency lower than class A are excluded from the subsidy). On the other hand, if in addition to being in class A they are also equipped with advanced thermoregulation systems, the highest deduction of 65% is recognized.
purchase and installation of winter air conditioning systems equipped with heat generators powered by biomass fuels.
Condominium interventions
Instead, different rules, times and measures are provided for interventions carried out on the common parts of condominium buildings or which affect all the real estate units of which the single condominium is composed. For expenses incurred from January 1, 2017 to December 31, 2021, higher deductions (70 or 75%) can be used for these interventions when certain energy performance indices are achieved. They must be calculated on a total amount not exceeding 40,000 euros multiplied by the number of real estate units that make up the building.
For interventions on the common parts of condominium buildings located in seismic zones 1, 2 and 3, aimed jointly at reducing seismic risk and energy requalification, an even higher deduction is envisaged, equal to:
80%, if the works lead to a transition to a lower risk class
85%, if the interventions lead to a transition to two lower risk classes.
Also for these interventions, the deduction is divided into 10 annual installments of the same amount but is applied to an amount of expenses not exceeding 136,000 euros multiplied by the number of real estate units in each building.
Credit transfer and option for the contribution in the form of a discount
Pursuant to article 121 of the decree-law n. 34 of 2020 (so-called Relaunch Decree), the subjects who in the years 2020 and 2021 incur expenses for energy redevelopment interventions can opt, instead of the direct use of the deduction due, alternatively:
for a contribution, in the form of a discount on the amount due, up to a maximum amount equal to the amount itself, advanced by the suppliers who carried out the interventions and recovered by the latter in the form of a tax credit, equal to the deduction due, with the right to subsequently assign the credit to other subjects, including credit institutions and other financial intermediaries
for the assignment of a tax credit of the same amount, with the right of subsequent assignment to other subjects, including credit institutions and other financial intermediaries.
WHO CARES
The facility is aimed at all taxpayers, resident and non-resident, who own the property subject to intervention. In addition to the owners, among others, the holders of a real right on the property can benefit from the facility; condominiums (for interventions on the common parts of the condominium); the tenants; the borrowers. In addition, the deduction can be used by the family member living with the owner or holder of the property subject to the intervention (spouse, member of the civil union, relatives within the third degree and similar within the second degree) and by the cohabitant more uxorio. The deduction must be divided into 10 equal annual installments.
WHAT ADVANTAGES
The amount to be deducted from taxes can vary from 50% to 85% of the expenditure according to the characteristics of the intervention. The eligible expenses in deduction include both the costs for the works relating to the energy saving intervention, and those for the professional services necessary to carry out the intervention itself and acquire the required energy certification.
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