Italy Energy Efficient Systems
U.S. suppliers of energy efficient technology could benefit from Italy’s incentive program for homeowners.
U.S. suppliers of technologies and services that improve the energy efficiency of buildings, including heating systems, air conditioning, insulation, solar panels, and charging stations for electric cars may benefit from Italy’s incentive program for home owners.
The Italian Government extended a new incentive program that reimburses homeowners for up to 110% of the cost of building improvements that increase energy efficiency through December 2022. First enacted on July 17, 2020, these incentives were originally set to expire at the end of 2021.
The program covers 110% the cost of purchase and installation of more energy-efficient heating and cooling systems and extends this subsidy to all related improvements that ensure or improve their efficiency – like doors, windows, roofs, insulation, and internet-of-things electronics. Residential cooperatives, nonprofit associations, and homeowners (for their primary residence and one second home) can request the “110% Superbonus” incentives.
The incentives are structured as tax deductions and rebates. The program also allows for the tax incentives to be ceded to suppliers or loan providers as collateral, and then the Italian Government repays the suppliers and lenders directly. Because of this, Italy’s major banks have created specific loan packages to help consumers take advantage of this opportunity by loaning the money necessary to purchase the programs upfront. In some cases, homeowners will end up paying nothing or a small fraction of the cost of improvements.
Opportunities may exist for U.S companies with products or solutions in the following categories:
- Substitution of heating and air conditioning systems for single-family homes and some multi-family, residential buildings;
- Home improvements for better insulation;
- Improvements that increase a building’s ability to withstand earthquakes.
The 110% incentive also covers the following:
- Improvements that increase the energy efficiency of new home heating and cooling systems, including doors, windows, insulation, and roofing;
- Solar panels;
- Recharging equipment for electric vehicles;
- Elevators and other improvements to improve access to people with disabilities.
For more information, please contact: email@example.com