Superbonus 110% starts the redevelopment of the buildings

The guidelines of the European strategy, to cope with climate change, aim at decarbonisation, guidelines that have been incorporated by Italy in the PNIEC and in a series of regulatory instruments to facilitate the adoption of sustainable solutions both for production and for energy efficiency. Among the recent regulatory instruments, the Superbonus 110% goes in the right direction, allowing us to reduce the energy-intensive attitude of our buildings, contributing to the containment of climate change.

(by Gianfranco Ossino) Climate change is the price we are paying to meet our energy needs. The solution is not to eliminate needs but to adopt sustainable solutions following the guidelines of the European strategy on decarbonisation. It is mandatory to strive to produce energy with sustainable solutions and contain consumption with an efficient and conscious use or functional. Although the problem was considerably delayed, it was taken into consideration at a global level and a series of initiatives and measures were launched with the aim of raising awareness of the phenomenon and working to remedy it. Europe has been working for some time to combat climate change by promoting the transition to an eco-sustainable economy by reducing carbon emissions. Already with the signing of the "Kyoto Protocol", undertaking to adopt EU and national policies for a decarbonised economic development. Commitment confirmed at the 2015st Conference of the Parties to the Framework Convention for the Fight against Climate Change, held in Paris in 2, “Paris Agreement”. Agreement which established the need to contain global warming below 110 ° C by defining a global action plan. Italy has implemented the European guidelines by formulating the proposal contained in the National Integrated Energy and Climate Plan, a plan resulting from the synergy of the Ministry of Economic Development, the Ministry of the Environment and the Ministry of Transport. The theme is very broad and concerns mobility, industry, services, residential…. that is everything that uses electrical and / or thermal energy. Let's focus on our real estate portfolio, which has a highly energy-intensive vocation, in particular among the recent regulatory instruments that direct the adoption of sustainable solutions to contain climate change, Italy has launched the 34% Superbonus, introduced by the Relaunch Decree (DI 2020 / 119 art.77 and Law 2020/XNUMX of conversion.).

THE 110% SUPERBONUS IN BRIEF

The 110% superbonus provision for condominiums and single-family homes allows a tax refund by deducting 110% of the expenses incurred for some building interventions on some types of properties from the Irpef. The tax refund can also take place through the discount on the invoice or the transfer of credit even to banks or financial institutions. These two novelties are the pluses of the super bonus allowing immediate savings of all or part of it, avoiding the well-known and less stimulating multi-year (10 or 5 years) installment. The interventions concern the anti-seismic requalification (bonus earthquake) and energy requalification (eco bonus) as long as it allows the improvement of at least 2 energy classes. Compared to the already existing eco-bonus of 50% and 75%, the 110% eco-bonus is a provision that goes along with it but is more restrictive and provides for a series of constraints in order to benefit from it. The interventions it contemplates also provide for the possibility, under certain conditions, of building a photovoltaic system.

WHO CAN BENEFIT

The superbonus applies to the redevelopment of energy efficiency (eco-bonus) and seismic improvement (earthquake bonus) on condition that the redevelopment costs must be incurred from 1 July 2020 to 31 December 2021.

For the eco-bonus the energy requalification interventions are required:

  • improvement of at least two energy classes of the building alternatively the achievement of the highest energy class, demonstrable with an energy performance certificate (APE) before and after the works, issued with a certified declaration by a qualified technician;
  • compliance with the minimum requirements envisaged by Legislative Decree 63/2013 converted into law 90/2013, upon declaration sworn by a qualified technician.

The super bonus applies to interventions carried out by:

  • condominiums;
  • natural persons, outside the exercise of business activities, arts and professions;
  • autonomous social housing institutes, for interventions carried out on properties owned by them or managed on behalf of the municipalities, used for public housing;
  • housing cooperatives with undivided ownership, for interventions carried out on properties owned by them and assigned for enjoyment to their members;
  • third sector: non-profit associations / Onlus;
  • amateur sports associations and clubs.

In particular, the seismabonus (CIRCULAR N. 24 / E Agenzia delle Entrate) concerns any property for residential use (not just the main house) and buildings used for productive activities.

 

ACTIONS THAT CAN BE CARRIED OUT, REQUIREMENTS AND MEASURES OF THE TAX BENEFIT

The facilitated interventions are divided into towing and towed, the former substantially enable the latter.

Main or driving interventions:

  1. Thermal insulation of the building envelopes.

Requirements: increase of two energy classes, pre- and post-operam APE request.

Deduction:

  • Amount € 50.000 for single-family buildings or functionally independent real estate units located inside multi-family buildings;
  • Amount € 40.000 multiplied by the number of real estate units that make up the building, if it is made up of two to eight real estate units;
  • Amount € 30.000 multiplied by the number of real estate units that make up the building, if it is made up of more than eight real estate units.
  1. Replacement of air conditioning systems on the common parts of the building.

Requirements: increase of two energy classes, pre- and post-operam APE request.

Deduction:

  • Amount € 20.000 multiplied by the number of real estate units that make up the building for buildings consisting of up to eight real estate units;
  • Amount € 15.000 multiplied by the number of real estate units that make up the building for buildings consisting of more than eight real estate units.
  1. Replacement of air conditioning systems winter on single-family buildings or on housing units of multi-family buildings.

Requirements: increase of two energy classes, pre- and post-operam APE request.

Deduction: € 30.000 per single property unit.

  1. Seismic risk improvement

Requirements: the property is not located in seismic zone 4 and the improvement intervention reduces the seismic risk by at least one class.

Deduction: € 96.000 multiplied by the number of real estate units in each building, for interventions on the common parts of condominium buildings.

Additional or towed interventions:

  1. The carrying out of thermal insulation and cladding interventions also allows the 110% deduction of the interventions of Energy efficiency provided by the Ecobonus for:
  • window frames
  • condensing boilers
  • heat pump water heat
  • solar thermal
  • sunblind
  • home automation

Requirements: increase of two energy classes, pre- and post-operam APE request.

Deduction: about € 100.000.

  1. Carrying out at least one driving intervention also allows 110% of the interventions to be deducted for:
  • Photovoltaic systems built on buildings and connected to the electricity grid.

Requirements: transfer in favor of the GSE, in the manner referred to in article 13, paragraph 3 of the legislative decree 29 December 2003, n. 387, of the energy not self-consumed on site or not shared for self-consumption.

Deduction: The deduction is calculated on a total amount of the expenses themselves not exceeding € 48.000 and in any case within the spending limit of € 2.400 for each kW of nominal power of the solar photovoltaic system, per single property unit.

  • Accumulation system related to photovoltaic systems

Deduction: € 1.000 for each kWh within the overall spending limit of € 48.000 and, in any case, € 2.400 for each kW of nominal power of the plant.

  • Charging columns for electric vehicles.

Deduction: 3.000 €

 

DEDUCTION AND ITS ALTERNATIVES

The deduction is recognized to the extent of 110%, to be divided among the entitled parties, the 110% facilitation in addition to being used as a deduction can be used as a tax credit, this option is the novelty. Basically, the customer or the specific person entitled to bear the costs has 3 choices:

  1. compatibly with his own personal income tax capacity, he can recover them in five annual installments of the same amount, with a profit of 10% compared to what was anticipated;
  2. can transfer them to the executing company, obtaining a contribution consisting of a discount on the invoice up to 100% of the amount, the company in turn can use this tax credit with the option of further transferring it to other subjects, including credit and other financial intermediaries; (*)
  3. can assign the credit to credit institutions and other financial intermediaries, obtaining a contribution consisting of a discount on the invoice up to 100% of the amount. (*)

(*) The option can be exercised in relation to the deductions due for the expenses for the interventions better detailed in paragraph 7.2 of Circular no.24 / E of 8 August 2020 of the Revenue Agency and regarding:

  • recovery of the building stock;
  • energy efficiency;
  • adoption of anti-seismic measures;
  • recovery or restoration of the facade of buildings;
  • installation of photovoltaic systems;
  • installation of charging stations for electric vehicles.

 

FULFILLMENTS

Circular no.24 / E of 8 August 2020 of the Revenue Agency in chapter 8 details the obligations, which in general and based on the intervention, it is necessary to carry out also for the purposes of the Superbonus: the obligations ordinarily provided for recovery of the building stock and energy efficiency of buildings, including anti-seismic ones and those aimed at the recovery or restoration of the external facade of existing buildings, as well as those for the installation of columns for recharging electric vehicles. In particular, it is necessary to request:

  • The CONFORMITY VISA - For the purposes of the option for the transfer or discount referring to the Superbonus, it is necessary to request the compliance visa for the data relating to the documentation that certifies the existence of the conditions that give the right to the tax deduction. The compliance visa is issued by the subjects in charge of the electronic transmission of the declarations (chartered accountants, accountants, commercial experts and labor consultants) and by the tax assistance managers of the CAF.
  • ASSEVERATION - It is necessary to request, both for the purposes of direct use in the declaration of the Superbonus and of the option for the transfer or discount, the pre and post operam asseverations for the main or leading interventions and for the additional or driven interventions of energy efficiency. The declarations are issued by qualified technicians, who with the declarations certify compliance with the requirements of the decrees, the appropriateness of the expenses incurred, the effectiveness of reducing the seismic risk. A copy of the certification must be sent electronically to ENEA.

 

PROJECTED IMPACT

The super bonus comes in conjunction with other regulations and in full consistency with the European directives on limiting climate change. In addition to implementing the European directives, it puts in place measures to achieve the objectives of the Integrated National Energy and Climate Plan (PNIEC). It also intends to be an engine of demand to ensure that the economy of the construction sector plays its proper role as an engine of economic recovery, as it was in the post-war period or in the decades following the XNUMXs.

The 110% super bonus is an opportunity that also allows us to reduce our energy costs but we need to be well informed before joining it, to avoid the unpleasant surprise at the end of the work of not being entitled to deductions and finding yourself with bills to pay.

Insights on the subject are available from the guides created:

 

Gianfranco Ossino - Engineer and Head of Aidr Observatory for the Digitization of the Environment and Energy

Superbonus 110% starts the redevelopment of the buildings

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