Subsidies for solar panels

Investing in solar panels is not only good for the environment, but also for your wallet. In addition to the immediate savings on your energy bill, there are various financial benefits available in Spain that can significantly reduce the payback period of your installation. Here you will find an overview of the most important subsidies and tax benefits that you can take advantage of.

EU subsidy for solar panels

From 11 January 2022 to 31 December 2023, an EU subsidy was available in the Valencian Community for solar panel installations, with a total budget of approximately €60 million.

At this moment, there is still no official information about a new EU subsidy for 2025. The Spanish government and regional authorities are evaluating the a15> available funds and possible extensions of subsidy programmes.

Would you like to stay informed about the latest developments? Please contact us and we will inform you as soon as there is a14> news about new subsidies or financial arrangements.

Income tax deduction (IRPF)

Up to 40% return on your investment

If you are a tax resident of Spain, you can recover a significant portion of your investment in solar panels through income tax deductions (IRPF). This tax benefit can amount to up to 40% of the total cost of your installation.

There are two possible deductions:

Regional tax deduction
Specific to the Valencian Community and other autonomous regions.

General deduction
Available to all Spanish taxpayers who invest in energy-saving measures.

To be eligible, the panels must be installed on a property in which you live. The exact deduction percentages may vary depending on your situation and the regulations in your region.

We are happy to assist you in applying for this tax deduction and take care of the application process. a5> apply for this tax deduction and ensure that you benefit optimally!

IBI discount – Reduction of your property tax

Several municipalities in Spain offer a discount on the IBI (Impuesto sobre Bienes Inmuebles), or property tax, if you install solar panels. This discount can be up to 50% of the IBI for 3 to 5 years. Not every municipality offers this benefit, and the percentages and duration may vary.

Would you like to know whether your local authority offers an IBI discount? We will be happy to find out for you and help you with the application!

New subsidy available in the Valencian Community

Good news! A subsidy for solar panels is once again available in the Valencian Community. This scheme is intended for people who:

• Be registered at the address where the panels will be installed,

• Have not previously made use of earlier subsidy programmes,

• And can demonstrate what their energy label is before and after installing the solar panels.

At Sunrise Energy, we can take care of the entire process for you and arrange everything, including the energy label assessment and subsidy application. The subsidy amounts to 40% of the installation costs, with a maximum of €3,000.

Would you like to know if you are eligible? Please feel free to contact us – we will be happy to help you get started.

Do not miss out on financial benefits!

Installing solar panels is a smart investment, but it is even smarter to take advantage of available subsidies and tax benefits.

Sunrise Energy assists you with:
✔️ Identifying the appropriate financial arrangements.
✔️ Guiding you through the application process.
✔️ Ensuring you maximise all potential savings.