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Grants
and subsidies

Next Generation, reduction of IRPF (individuals), IBI or company credits

What types of grants and subsidies are available for my self-consumption installation?

Next Generation Subsidy – Program 4 Housing – Balearic Islands

Deadline: Until June 30, 2025

Grant of up to €3,000 for installations costing more than €7,500

Requirements:

  • Primary residence (proof of residency required)
  • Minimum 30% reduction in non-renewable primary energy consumption
  • Applicable to single-family homes
  • Photovoltaic installations: structural certificate of the roof and electric heating system required

Deduction of 60% of the investment in personal income tax

The Tax Agency has approved a deduction for those facilities that save 30% of non-renewable primary energy.

Ask us about the particular conditions to access this credit.

For more information: Deductions for works to improve the energy efficiency of homes

IBI Rebate

Likewise, many town councils rebate up to 50% of the Real Estate Tax (IBI) for periods of up to 5 years.

You can check the bonus available in each municipality by consulting the corresponding tax ordinance for the current year.

ICIO Photovoltaic Grant

Most town councils rebate up to 95% of the Construction, Installations and Works Tax (ICIO).

You can check the grant available in each municipality by consulting the corresponding tax ordinance for the current year.

    State tax subsidies

    State tax subsidies

    Frequently asked questions

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    would like to know if you know approximately how many months it takes to pay the NextGeneration subsidies and the IBI credit?

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    The subsidies are very slow to be resolved due to lack of ICAEN resources.

    RD477/2021 establishes a period of 6 months to grant the subsidy, although currently this period is far exceeded given that as of today only applications registered on 01/10/22 have been granted.

    Once the subsidy is granted, a period of 18 months begins to justify the investment and then the ICAEN has 6 months to pay.

    The IBI bonus depends on each municipality, although it normally takes a minimum of 6 months.