Now is the time to reform

In the Income Tax on Physical Persons (IRPF) a deduction of up to 60% will be granted in housing rehabilitation provided that they comply with energy efficiency.

This aspect is included in the Recovery, Transformation and Resilience Plan. Said decrease will have an impact of 450 million euros that will be supported with 6,280 million derived from European capital.

According to the Ministry of Transport, Mobility and Urban Agenda, this amount will be distributed as the reductions are applied. Therefore, perhaps only part of it will be used, it will depend on the evolution of the initiative.

The European funds will take care of supporting the reconstruction of homes and urban renewal during the deduction of up to 60% in Housing Rehabilitation.

Congressman José Luis Ábalos explains that the fiscal measures will be carried out with the aim of promoting building rehabilitation procedures by owners and companies.

Thus promoting a favorable environment for action and opting to achieve all the benefits of energy rehabilitation of buildings.

For its part, the Government determines deductions in works that provide an improvement in energy efficiency in the habitual residence. This starting from the fact that it is the individuals who must carry out the reforms as a priority.

For which it is convenient to follow a series of tips before making a comprehensive reform in the home, as a result of an optimal renovation.

The deduction of up to 60% in housing rehabilitation will be allocated to individuals who carry out works in their own homes and/or in rented homes.

The percentage of the discounts are distributed as follows:

20% for those who manage to reduce, at least, 7% of the demand for heating and cooling in the home; for which the installation of high-performance windows is recommended.

40% to those who reduce 30% of primary and non-renewable energy consumption, accrediting it through the energy efficiency certificate.

60% in residential building restoration works that reduce non-renewable energy consumption by at least 30% or that improve the energy rating by obtaining the ‘A’ or ‘B’ label.

All this is compiled in the Recovery and Resilience Plan sent to Brussels where the 6,280 million euros in funds for the rehabilitation of homes and urban restoration stand out.