Solar panel subsidies in the Balearic Islands
We inform you about all the available options for subsidizing solar energy projects in Mallorca, and handle the processing of these subsidies for you.
FOTOPAR2024 FUNDING
Who is it for?
Individuals domiciled in the Balearic Islands who do not carry out any economic activity for which they offer goods and/or services to the market in the place where the self-consumption facility is.
Individuals domiciled in the Balearic Islands carrying out some economic activity for which they offer goods and/or services to the market in the place where the self-consumption facility is.
Application period
APPLICATIONS' SUBMISSION:
January 15 to March 30, 2024
RESOLUTION PERIOD:
Within six months
MAXIMUM JUSTIFICATION DATE:
October 31, 2024
NextGEN subsidies
UP TO 30,000 € IN SINGLE-FAMILY HOMES
Who are they for?
Subsidies are granted to improve the energy efficiency of buildings, such as an installation of solar panels or other renewable energies.
Beneficiaries include urban and rural individuals, neighborhood communities, SMEs, large companies, estates and car parks (solar pergola).
Application period
Open from April 1 to December 30, 2024.
Where can it be used?
Single-family
residential
buildings
Collective
residential
buildings
Buildings
for other
purposes
IBI bonuses
What is it?
REAL ESTATE TAX
A tax of a municipal nature that your council charges you for having real estate in its territory. (It does not have to be a house)
Consult your municipality
The way in which the request must be carried out and its deadline is different in each municipality.
Most of the municipalities in the Balearic Islands benefit from a 50%, and in Palma, for example, the reduction is up to a 90% for six years.
Income tax deductions
ALL HOMES WITH SOLAR PANEL INSTALLATIONS CAN DEDUCT A 20% OF THE TOTAL AMOUNT INVESTED IN TAXES.
Other beneficiaries
It also applies to collective facilities that do not have commercial purposes. If you reduce non-renewable energy consumption by 30%, you could benefit from a 40% bonus. In addition, if you live in a community of neighbors with solar panels and the improvements affect the whole building, you can get up to a 60% bonus in tax reduction.