LiviusOn 1 April 2022, the Federal Government introduced a reduced VAT rate of 6% on solar panels, solar boilers and heat pumps in homes that are less than ten years old. This measure expires on December 31, 2023. This reduced rate will continue to apply to homes that are more than ten years old. Livios construction site Summarize what you need to know.
Why is the VAT rate rising again?
I’ve just paid for the last two years 6% VAT on solar panels, solar boiler and heat pump. But from 2024, VAT will return to the usual rate of 21%. This measure was originally used to combat recent price increases. This way, families can still invest in sustainable energy at affordable prices. The goal was to involve as many families as possible in the energy transition story.
People who were planning to take advantage of this measure should have joined in the meantime. The federal government has allocated 1.16 billion euros to combat the use of fossil fuels.
The disappearance of the discounted price increases the payback period for the installation, but bills don’t lie. It is still beneficial for your portfolio to invest in renewable energy. You will recoup your expenses before the life of your solar panels, boiler or heat pump expires.
What benefits can you continue to take advantage of?
Construction and renovation costs are increasing rapidly. Fortunately, there are still subsidies and premiums that you may be entitled to. Consider an investment premium, an insulation premium, or an increased premium for installing a heat pump. You can find them all quickly and easily via the free Premium Linker.
This article was written by our partner Livios.be, a specialist site focused on construction and renovation.
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