From pv magazine Italy
The Italian government has increased incentives for PV projects using EU-made solar modules under the Transizione 5.0 Tax Credit scheme, a fiscal program aimed at transitioning industrial processes to renewable energy.
The fiscal credits cover up to 35% of the cost of solar modules and are awarded through tenders for projects using EU-made modules. The tax credit calculation basis rises from 120% to 140% for cells with at least 23.5% efficiency and from 140% to 150% for modules with bifacial silicon heterojunction or tandem cells at 24% efficiency or higher.
A 130% fiscal incentive now applies to modules with at least 21.5% efficiency.
The new rules simplify investment brackets, reducing them to two: up to €10 million ($10.2 million) and €10 million to €50 million. However, the updated policy eliminates the additional 20% to 25% tax credit previously granted to projects using EU-made modules that cut energy consumption by 6% to 15%.
The provisions allow tax credits to be combined with those for investments in southern Italy's Special Economic Zone and Simplified Logistics Zones, as well as other EU incentives, provided they do not overlap on cost coverage.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.