Income deduction for solar panels in 2024

The possibility of tax relief for the installation of solar panels was a great advantage for all those who made the transition to photovoltaic energy last year, as they were able to considerably reduce their investment.

But did you know that you can still qualify for tax benefits by installing solar panels in 2024? The truth is that this year, the advantages are somewhat less compared to last year, but the good news is that there are still deductions for those who opt for self-consumption of energy this year.

What is the IRPF deduction for solar panels?

This measure is part of the support provided through the EU-funded Next Generation programme.

The application period for this deduction has been extended until 31 December 2024, giving taxpayers a full year to apply and reap the benefits in the following tax cycle.

One of the features of this deduction is that it does not take into account the location of the property, thus allowing more people to increase the energy efficiency of their homes and apply for this deduction.

What percentage can you deduct from your income tax?

The Spanish Tax Agency (AEAT) offers a system of deductions for the installation of solar panels that varies between 20% and 60%, adapted both for private homes and for communities of owners or buildings. Each level of deduction depends on the energy efficiency improvement that can be demonstrated.

20% deduction

This initial level is designed specifically for single-family houses, with a maximum benefit of €5,000. In order to qualify for this rebate it is necessary to reduce the energy demand for heating and cooling by at least 7% and to verify this by means of an Energy Efficiency Certificate (EEC) before and one after the installation of the panels.

40% deduction

The second level offers up to € 7,500 deduction. It can be achieved in two ways: a minimum reduction of 30% in the energy demand for heating and cooling, or by achieving a high energy classification of the house, specifically class A or B.

60% deduction

The highest level allows a deduction of up to €15,000, under the same criteria as the second level, but this time applicable to the whole building or the community of owners. The improvement must be reflected in the energy efficiency of the whole structure, not just individual units.

Requirements to apply for the deduction

To benefit from this deduction in the IRPF, it is essential to carry out an Energy Efficiency Certificate prior to the installation and one afterwards. This document must demonstrate that the installation of the panels has contributed to a reduction in the heating and cooling consumption rates in your home compared to the levels prior to their installation.

For this certificate, it is necessary to go to a qualified technician, who will be in charge of issuing the document after assessing the energy performance of your home.

The rating system used starts with the letter A, which indicates the highest efficiency, and ends with G, which indicates the lowest efficiency.

If you are considering making the switch to solar energy, at Sunhero we take care of the whole process, from start to finish.

In addition to managing all the necessary permits for the installation process, we also offer the service of processing the Energy Efficiency Certificate (EEC), essential to apply for the IRPF deduction.