Ecobonus 110
As part of the urgent measures put in place for supporting health, employment and the economy, along with social policies to tackle the Covid-19 pandemic, the Relaunch Decree increases to 110% the rate of tax deduction on expenses incurred between 1 July 2020 and 31 December 2021, in order to subsidise specific interventions in the sphere of energy efficiency, reduction of seismic risk and the installation of photovoltaic systems or infrastructure for charging electric vehicles in buildings.
The increased Bonuses of 110% are applicable for work carried out on:
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Shared areas of buildings
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Individual properties owned by natural persons, unrelated to business, professional activities and the arts
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Single-family homes or individual units within multi-family buildings which are functionally autonomous and have one or more independent entrances from the outside.
For the purposes of the Ecobonus 110% (but not the increased Sismabonus), a maximum of two properties are covered.
Beneficiaries
Apartment buildings
Undivided housing cooperatives
Natural persons
Non-profit organisations for social benefit
Autonomous public housing institutes (IACP)
Amateur sports associations and clubs
Interventions permitted
The tax deduction is applicable for documented expenses paid by the taxpayer and incurred between 1 July 2020 and 31 December 2021, for the following types of interventions (known as “drivers”):
Thermal insulation of vertical, horizontal and sloping opaque surfaces
which make up the envelope of buildings, including single-family homes, and account for more than 25% of the total dissipative surface area of the building.
Replacement of existing winter air conditioning systems
with centralised systems for heating and/or cooling and/or the supply of domestic hot water in shared areas of buildings, or with systems for heating and/or cooling and/or the supply of domestic hot water in buildings.
When carrying out work to insulate the property and replace the winter air conditioning system, the owner of the building may also access a tax deduction of 110% for interventions provided for by the Ecobonus for:
- Fixtures and windows
- Condensing boilers
- Heat pump systems
- Solar thermal panels
- External solar screens
- Home automation
By carrying out at least one of the interventions listed above, the owner of the property can also access the 110% tax deduction for:
- photovoltaic systems, up to a cost of 48,000 € (2,400 €/kW; 1,600 €/kW)
- accumulators connected to photovoltaic systems (1,000 €/kWh)
- charging points for electric vehicles..
There are three ways of accessing the Ecobonus:
The beneficiary pays the supplier directly and receives the 110% tax deduction on the costs incurred, to use in the five subsequent years.
The beneficiary pays the supplier directly. Their 110% tax deduction for the costs incurred becomes a tax credit which can be transferred to a third party, including banks and financial intermediaries.
The beneficiary receives a discount on the invoice issued by the supplier, in exchange for relinquishing direct use of the tax deduction, and the supplier receives a tax credit equal to 110% of the value of the invoice.