To lighten Italian citizens’ utility bills and incentivise them to purchase photovoltaic panels, the latest Budget Law extended the so-called 2023 Photovoltaic Bonus, a series of tax deductions and incentives aimed at supporting certain expenses on buildings.

More specifically, when we speak of the 2023 Photovoltaic Bonus, we are referring to the following measures:

  • Photovoltaic storage bonus 2023
  • Renovation bonus
  • Superbonus
  • Reduced VAT

Photovoltaic storage bonus 2023

It consists of a tax credit for payments made in the context of the installation of plants powered by renewable energy sources within which there are energy storage systems; it is possible to obtain the tax credit for payments made from 1 January 2022 to 31 December 2022 in the context of the installation of storage systems integrated into plants with photovoltaic panels or other renewable energy plants, up to a maximum expenditure of EUR 3 million.

Renovation bonus

It consists of a 50 per cent deduction on ordinary and extraordinary maintenance work carried out on the common parts of residential buildings and on individual building units.

The deductible amount for each individual building unit can be distributed in equal instalments over 10 years up to a maximum expenditure of €96,000, which can include the purchase and installation of photovoltaic panels.

Unlike the 65% photovoltaic ecobonus, no APE is required to obtain the renovation bonus.

Superbonus

It consists of a 90 per cent tax deduction for interventions to upgrade the building’s energy efficiency and make it seismically safe.

Reduced VAT

It provides for a 10% rate instead of 22% for the purchase of solar energy systems and photovoltaic panel installation services.

Type of Photovoltaic Bonus 2023REQUIREMENTS and INTERVENTIONSDEADLINES
Photovoltaic storage bonus 2023have invested in the installation of photovoltaic systems with storage systems to a value of no more than EUR 3 millionthe application must be submitted by 30 March 2023
Renovation bonushave carried out ordinary maintenance work on the common parts of residential buildings or extraordinary maintenance of individual units for a value not exceeding 96,000 euro50% deduction is valid until 31 December 2024
Superbonushaving purchased photovoltaic systems or carried out other energy efficiency measures90% deduction is valid until 31 December 2023
Reduced VAThaving invested in a production plant or heat and power distribution networks powered by renewable energy sources (such as photovoltaic plants)no deadline