The United Income Tax Association points out that - in view of the rise in energy costs - it can be worthwhile investing in renovation measures using renewable energies in your own home. Owners can claim up to 20 percent of the costs and up to 40,000 euros in tax relief for energy-efficient refurbishment measures. This is regulated in Section 35c (1) of the Income Tax Act.
According to the Vereinigte Lohnsteuerhilfeverein, energy-related renovation measures can include, for example, the thermal insulation of walls, roof surfaces or ceilings, the replacement or installation of a ventilation system or the replacement of a heating system or the optimization of existing heating systems. The costs can then be deducted from the tax return, spread over three years.
In the year of the energy-efficient building renovation measure and in the following calendar year, a maximum of seven percent of the costs and a maximum of EUR 14,000 can be deducted. In the second subsequent calendar year, a maximum of six percent of the costs and a maximum of 12,000 euros can be deducted. However, this requires an invoice, payment by bank transfer and a certificate from an authorized specialist company or energy consultant. Furthermore, not all measures can be claimed. These include, for example, publicly subsidized renovation measures.
Source and further information: vhl.de
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