Grants and deductions are subject to the availability and legislation in force at any given time.
In this regard, the only available deduction is as follows:
Deduction of 60% on amounts paid for energy refurbishment work carried out in buildings of predominantly residential use where the property is located, up to a maximum of Euros 5,000 per year, and with a maximum accumulated deduction of Euros 15,000 over four years.
BBVA is not responsible for managing this arrangement, so you are advised to check all the details with the tax office. You will have to get an energy certificate before and after the installation. Find out if you meet the Tax Agency's conditions.
The following deductions may also apply insofar as they come into force with retroactive effects before December 31, 2026:
- Work to reduce heating and cooling demand. Deductible percentage: 20%. Limit of Euros 5,000 per house. Conditions: You must demonstrate that the demand for heating or cooling has decreased by at least 7%.
- Improvement work to reduce the consumption of non-renewable primary energy. Deductible percentage: 40%. Maximum limit: Euros 7,500. Conditions: Improvement work must reduce non-renewable energy consumption by at least 30%, or give the property an improved A or B energy rating.
