By Linda Hall • 22 September 2022 • 13:09
SOLAR POWER: IBI rates reduction for homes installing solar power
Photo credit: PIXABAY/Ulleo
Thanks to a new byelaw there will be a 50 per cent IBI discount, with a €400 maximum, for the first three years. This will be followed by a 25 per cent cut over the next two years.
The town hall explained that this discount applies to residential properties with a minimum supply of 2 kilowatts for every 100-square metre built area
The reduction is limited to properties whose building regulations did not specify a solar energy system and is limited to two properties per owner.
Homeowners may apply for the discount during next IBI period between the start and termination of the installation.
Those who began installing solar panels before the byelaw came into force will still be eligible but the length of time it has been in use will be subtracted from the five year discount period.
Calpe town hall hopes that the IBI discount will assist the energy transition to sustainable sources by supporting solar power installations, municipal sources said.
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Originally from the UK, Linda is based in Valenca and is a reporter for The Euro Weekly News covering local news. Got a news story you want to share?
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