Last Monday, October 2, the European Commission approved the expansion of funds for Spain through the recovery fund. 93.5 billion more The total amount reached 163,000 million, more than half of which was loans.
One of the additions to the initial document that led to the extension of the concession was the expansion of the rehabilitation of the Spanish residential park. In short: a extension of time Requesting tax deduction for rehabilitation works until the last quarter of 2024.
According to the document published by Brussels, “Spain has proposed a change of wording that would allow not only the completion of the renovation works, but also the decision to grant assistance to carry out such works.” “delays caused by slow adoption of helplines The request for renovation works was made as inflation and high material prices caused the demand for renovation works to be lower than expected.
HE The reason for this extension is and the funds appear to be due to “delays resulting from the slow adoption of renovation hotlines as inflation and high material prices lead to reduced expected demand for renovations,” Cinco Días media reported.
European aid for rehabilitation
Tax cuts proposed in the plan They are divided into three lines: Two on one side for private houses and one for complete buildings. For private residences, assistance is between 20 and 40 percent of energy rehabilitation, with a maximum of 5,000 or 7,000 euros; For complete buildings, this rate is up to 60% and a maximum of 15,000 Euros.
How can I find out how much money I can get to rehabilitate my home?
The Ministry of Transport, Mobility and Urban Agenda made an aid simulator available to citizens: “allowing you to approximately calculate the energy consumption of your building, offering different improvement options for energy saving, Complying with the conditions required to receive New Generation assistance”.
Thanks to this page, we can estimate how much it will cost to implement different housing renovations (accessibility, roof, structure, facade or energy) foreseen in the plan to our property. To do this we must select our address on a map linked to the Cadastre and choose different options to get a calculation of how much the reform will cost us and how much we can subsidy with the funds.