Subsidies and tax credits available
Aid for renewable self-consumption
The aid programs for renewable self-consumption approved by the Royal Decree 477/2021
Royal Decree 477/2021
will be in effect until December 31, 2023. Applications for aid are submitted to the Autonomous Communities and Cities in their respective calls for applications. In the case of the Balearic Islands, these were published in the
Official Gazette of the Balearic Islands of September 11, 2021
.
Addressees
Legal entities and groups of companies or individuals.
Renewable energy communities and citizen energy communities.
Energy service companies or other companies that carry out actions in establishments of the sectors included in each program.
Individuals.
Local entities and the institutional public sector of any Public Administration.
Legal entities that do not carry out any economic activity.
Communities of owners.
Renewable energy communities and citizen energy communities.
City councils, provincial councils or equivalent entities and associations or groupings of Spanish municipalities, island councils and councils, and any public bodies and public law entities linked to or dependent on both the local administration and the corresponding autonomous administration.
Eligible actions
Eligible renewable generation actions include new photovoltaic actions for self-consumption, which may be associated with storage facilities.
The incorporation of storage facilities in existing renewable self-consumption facilities is also eligible for subsidies.
The maximum unit eligible costs and aid intensities or modules to be applied in each of the programs are as follows
New installations in companies
-
Self-consumption photovoltaic installation: from 460 to 1,188 €/kWp (from 15% to 45% aid on the eligible cost). There are also subsidies for the removal of asbestos roofs: from 210 to 660 €/kWp and for the installation of canopies: 500 €/kWp.
-
Incorporation of self-consumption storage: from 200 to 700 €/kWh (from 45 to 65 % of aid on the eligible cost).
Eligible cost values
The maximum unit eligible costs and aid intensities or modules to be applied in each of the programs are as follows
New installations in companies
-
Self-consumption photovoltaic installation: from 460 to 1,188 €/kWp (from 15% to 45% aid on the eligible cost). There are also subsidies for the removal of asbestos roofs: from 210 to 660 €/kWp and for the installation of canopies: 500 €/kWp.
-
Incorporation of self-consumption storage: from 200 to 700 €/kWh (from 45 to 65 % of aid on the eligible cost).
Existing installations in companies
-
Incorporation of self-consumption storage in existing installations: from 200 to 700 €/kWh (from 45 to 65 % of aid on the eligible cost).
New installations in homes
-
Self-consumption photovoltaic installation: from 300 to 600 €/kWp. In the case of collective self-consumption: from 355 to 710 €/kWp. There are also subsidies for the removal of asbestos roofs: from 50 to 160 €/kWp and for the installation of canopies: 120 €/kWp.
-
Incorporation of self-consumption storage: from €140 to €490/kWh.
New installations in public administrations and the third sector
-
Self-consumption photovoltaic installation: from 500 to 1,000 €/kWp. In the case of collective self-consumption: from 555 to 1,110 €/kWp. There are also subsidies for the removal of asbestos roofs: from 50 to 160 €/kWp and for the installation of canopies: 120 €/kWp.
-
Incorporation of self-consumption storage: from €140 to €490/kWh.
Existing installations in housing, public administrations and the third sector:
-
Incorporation of self-consumption storage in existing installations: from €140 to €490/kWh.
Allowances and deductions
Real estate tax rebate (IBI)
Bonuses in municipalities of Mallorca with more than 10,000 inhabitants:

Building, installation and construction tax rebate (ICIO)
Bonuses in municipalities of Mallorca with more than 10,000 inhabitants:

Urban development services tax rebate
In the case of Palma, the reduction of this rate is 50% in the case of self-consumption photovoltaic installations.
Income Tax Deductions (IRPF)
If you install solar panels for self-consumption in your primary residence, you can deduct 20% of the amount invested in the photovoltaic installation from your personal income tax.
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