Grants and subsidies for heat pump systems 2024: everything you need to know
Do you want to save on your energy bills? A heat pump system is the answer, and the grants available this year make the transition more affordable than ever. Find out more here.
In 2024, heat pump systems are one of the most attractive options for those looking to maximise energy efficiency in their homes and enjoy significant financial savings on their bills. This technology not only optimises energy use but also contributes to a more sustainable future.
Fortunately, this year brings a series of grants and subsidies that make the transition to heat pump systems more accessible than ever. In this article, we'll guide you through everything you need to know to take advantage of these opportunities, from the requirements through to applying for grants, to ensure a smart, profitable investment. Get ready to discover how you can transform your home into a more efficient and economical space.
What does this article cover? ?
What grants are available for heat pump systems?
The heat pump system grants still available in 2024 are:
In Madrid, you can benefit from a grant covering up to 60% of the cost of renovating HVAC systems in residential buildings. Non-residential buildings may receive up to 40% of this cost. Be sure to submit your application before 31st December 2024 to take advantage of these benefits.
In Murcia and Catalonia, grants are available to improve energy efficiency in homes. These subsidies can cover 40% of the total cost of your system, up to a maximum of €3,000. They are applicable to installations carried out after 1st February 2020, provided the total cost does not exceed €7,500. These grants are available for single-family properties and homeowner associations. In Catalonia, you must apply for the grant before 31st December 2024, while in Murcia you have until 31st July 2025.
Heat pump system tax deduction 2024
Good news for those who installed a heat pump system between 2021 and 2024: you are eligible for an income tax deduction when submitting your tax return.
The deduction will be based on the amount you paid for the work carried out during the stated period (from 6th October 2021 to 31st December 2024), up to a maximum of €5,000.
The deduction percentage applied is 20%. This means you can deduct €1,000 if you reach the maximum deductible amount of €5,000.
You can apply the income tax deduction in the tax period when the energy performance certificate is issued after the work is completed. To be valid, the certificate must be issued before 1st January 2025.
Requirements for applying for heat pump system grants in 2024
These grants may be subject to certain criteria, such as:
Being the owner of the property where the system will be installed.
Having an energy performance certificate justifying the need for installation.
Having the installation carried out by certified, approved companies.
Ensuring that the heat pump system meets all energy efficiency standards.
Who can apply for heat pump system grants?
These grants are generally available for individual homeowners, neighbourhood communities, and, in some cases, businesses. Check the grant terms and conditions to verify that your case is eligible.
Grant application period
Application dates often vary by region, although they typically open at the start of the year and close towards the end, or once the funds have been used up. It is important to pay attention to official announcements and submit your application as soon as possible in order to ensure it is accepted.
Taking advantage of heat pump system grants and subsidies in 2024 provides an excellent opportunity to improve your home's energy efficiency and reduce installation costs. Not only will you contribute to a more sustainable future, but you will also enjoy tax benefits and greater comfort in your home. Be sure to check all available information, meet the requirements, and submit your application on time to ensure you don't miss out on this opportunity.