|Policy status:||In Force|
|Policy Type:||Economic Instruments>Fiscal/financial incentives>Grants and subsidies, Economic Instruments>Fiscal/financial incentives>Tax relief|
|Policy Target:||Multi-Sectoral Policy|
|Agency:||Italian Revenue Agency|
|Legal References:||Law 296/2007 and following Budget Laws (last L.190/2014)|
The Budget Law 2007 provides for various fiscal incentives and financial measures to improve energy efficiency and to abate emissions. Measures include:
A revolving fund with a yearly budget of EUR 200 million was established to finance the following GHG emissions reductions measures (2007-09):
Budget 2008 confirmed the above measures, and extended the deadline of borne expenditures from December 2007 to 2010. It also widened the range of eligible measures in the building sector, by adding measures concerning the replacement of heating plants with heat pumps and geothermal low enthalpy systems.
Law no. 2/2009, implementing Legislative Decree no. 185/08 "Urgent measures to support families, work, employment and enterprise according to the strategic national framework for crises", by article 29 of Decree no. 185/08, modifies procedure for tax rebates of 55% for energy efficiency in buildings undergoing renovations, by introducing a shorter period to apply the tax rebates for users (5 years instead of 10) and an amendment regarding the documents to be submitted.
Law n. 220/2010 extended to 2011 the incentives and took again the period to apply the tax rebates to 10 years.
Law n. 201/2011 extended to 2012 and then Law 134/2012 to 30/06/2013 the incentives.
Legislative Decree 63, 4 June 2013, raised the tax deduction to 65% and extended the incentives to 31/12/2013 (30/06/2014 for renovations carried out on the common parts of residential buildings).
Law n.147/2013 extended the 65% tax deduction to 31/12/2014 (30/06/2015 for renovations carried out on the common parts of residential buildings) and foresee a 50% tax deduction from 01/01/2015 to 31/12/2015 (30/06/2016 for renovations carried out on the common parts of residential buildings).
In 2008, a tax credit to favour the installation of RES plants was introduced to subtract from the IRPEF (income tax of physical persons) or IRES (income tax on companies revenues) part of the costs incurred. The tax credit scheme provides a support for interventions aimed at achieving energy savings, including the implementation of renewable energy systems installed to meet the energy needs of residential buildings (i.e. domestic , lighting , power electrical appliances, etc.).
The deduction, to be claimed over a period of 10 years, is compatible with the net metering and simplified purchase arrangements. Photovoltaic systems represents a typical example of intervention that can benefit of this kind of incentive. For the purchase of appliances a 10% VAT is applicable.
Last modified: Wed, 10 Feb 2016 15:05:28 CET