Homeowners in Italy can now install solar panels on their rooftops for free as part of the Italian government’s Relaunch Decree, which aims to jump-start the country’s economy in the wake of the COVID-19 crisis and its impact.
Last month, the Italian government announced it was allocateing €55 billion ($60 billion) in stimulus perks through the Relaunch Decree on Economic Stimulus Measures to help revive the country’s economy as it slowly exited lockdown.
The measures include an increase in the so-called “eco-bonus” for building-renovation projects from 65% to 110% and a jump in support for PV installations and storage systems associated with such renovation projects, from 50% of costs to 110%.
According to these new provisions, the eco-bonus – which is an income tax (IRPEF) rebate – will be applied to all expenses incurred between July 1, 2020, and Dec. 31, 2021. The Italian government has established a maximum price of €2,400 per kilowatt installed for PV systems and €1,000/kWh for the storage systems.
The 50% eco-bonus for PV associated with sustainable-building projects – together with the Scambio sul posto – has been the main driver for solar energy development in Italy over the past few years.
Rosa Medea is Life & Soul Magazine’s Chief. She writes about lifestyle including sustainable and green living. She also offers content services to businesses and individuals at Rosamedea.com
