Last October, the European Commission confirmed the increase in funds allocated to Spain through the recovery fund, adding an additional 93.5 billion, bringing the total to 163 billion, with more than half of this amount in the form of loans.
An innovation in the original plan that caused this expansion of funds was Increase in support for rehabilitation of houses in Spain. Especially, The application period for tax deduction in rehabilitation works has been extended until the end of the third quarter of 2024..
According to a report from Brussels, “Spain has proposed a change in wording that would allow not only the completion of the renovation works, but also the decision to grant assistance to carry out said works.” “delays caused by slow adoption of helplines for renovation works, as inflation and high material prices have led to lower-than-expected demand for renovation works.”
“Spain has proposed a change of wording to 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 for renovation works, as inflation and high material prices have led to lower-than-expected demand for renovation works.”
European aid for permanent residences and complete buildings
In the European rehabilitation assistance programme, tax deductions are divided into three categories:
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for two individual houses. The assistance varies between 20% and 40% of the energy rehabilitation, with a maximum of 5,000 or 7,000 euros.
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One for complete buildings that can reach 60% with a limit of 15,000 euros.
How can I find out how much money I can get to rehabilitate my home?
To find out how much money can be received for the rehabilitation of a house, the Ministry of Transport, Mobility and Urban Agenda has developed an aid simulator. This tool allows you to estimate a building’s energy consumption and provides energy-saving improvement options that meet Next Generation plan assistance requirements.
With this tool, citizens can calculate the cost of various improvements foreseen in the plan (such as accessibility, roof, structure, facade or energy) applied to their property. To use it, you need to select the house on a map linked to the Cadastre and select different options to get an estimate of the cost of renovation and the amount that can be subsidized with funds.