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In the Balearic Islands, the ICIO (Tax on Construction, Installations, and Works) is a contribution that must be paid when applying for a license for the photovoltaic installation. In some municipalities in the Balearic Islands, there is a discount offered for this fee (ICIO Discount of up to 95%), while in others, such a discount does not yet exist.
Additionally, a fee for the construction license must be paid, varying depending on the municipality. This concept is not subject to any discounts in any municipality in the Balearic Islands.
On the other hand, in the Balearic Islands, there is a property tax (IBI) discount for renewable energy installations. The percentage and existence of this discount vary depending on the municipality.
There are two main types of grants for photovoltaic installation in the Balearic Islands:
Assistance for installing photovoltaic energy in the SME sector up to 500 kWp of PV and 100 kWh of storage.
From 15/01/2024 - 31/07/2024.
More InformationTo cover up to 5 kWp with grid connection and 30 kWh of storage in isolated homes.
From 15/01/2024 - 31/07/2024.
More InformationAssistance for installing photovoltaic energy in the SME sector up to 10 kWp of PV and 30 kWh of storage for homes with grid connection and/or isolated.
From 01/04/2024 - 31/12/2024.
More InformationAdditionally, in the Balearic Islands, there are deductions in the Personal Income Tax (IRPF) for the installation of photovoltaic energy. Individuals can deduct 50% of the amount of investments that enhance the quality and sustainability of dwellings, carried out in the property located in the Balearic Islands, which constitutes or will constitute the habitual residence of the taxpayer or a tenant under a rental contract subscribed with the taxpayer subject to urban rental legislation.
In order to apply for the deduction, the taxpayer must be the owner or lessor of the dwelling in the Balearic Islands, and the dwelling must meet the requirements established in the state tax regulations to qualify as a habitual residence, either of the taxpayer or of a tenant with whom the taxpayer has a rental contract. The base for this deduction will be constituted by the amount actually paid by the taxpayer to carry out the investments described above, with a maximum limit of 10,000 euros per year.
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