An eco-sustainable or “green” house is a property that has low energy consumption and low management and maintenance costs. There are many new class A or B buildings on the market at affordable prices, but even those who already own a home can take action to make their home more environmentally friendly by taking advantage of the various green building incentives in Italy that have been extended for 2020. Let's see what they are.
Eco-bonuses for energy saving
The best-known incentive is without a doubt the eco-bonus for the energy upgrading of your property. It is an income tax (IRPEF) deduction with variable rates ranging from 50% to 65% (up to 75% in the case of condominium works) for interventions aimed at improving the energy efficiency of your home. The 2020 budget law in the Italian parliament has extended the eco-bonus for this year as well.
Renovation bonuses for building redevelopment
The renovation or restructuring bonus is a 50% tax deduction that is obtained for the following: extraordinary maintenance, restoration and renovation work carried out on individual building units and common parts of condominium buildings. Also in this case, the Budget Law 2020 has provided an extension for the year 2020.
Furniture bonuses linked to renovation work
The furniture bonus is a 50% deduction for the purchase of furniture and new household appliances with class A+ (or class A for ovens) and has also been extended to 2020. Enviornmentally friendly renovation work with a maximum expenditure of 10,000 euros only includes charges for the purchase of furniture and appliances in buildings where the following work has been carried out: ordinary maintenance, extraordinary maintenance, restoration and conservative restoration, building renovation or reconstruction work necessary because the building has been damaged as a result of exceptional circumstances.
The "green bonus”
Introduced in recent years, but absent from the 2020 budget law, the green bonus should however be recovered in the “Decreto Milleproroghe” (the Milleproroghe Agreement). The green bonus is a 36% deduction for the following interventions: landscaping of uncovered private areas of existing buildings, building units, fences, irrigation systems, the construction of wells, the construction of green roofs and roof gardens. You can take advantage of the green bonus for a maximum expenditure of 5,000 euros for a property unit which is equivalent to a maximum deduction of 1,800 euros, always divided into 10 installments.
Green mortgages for efficient and safe buildings
The "Energy Efficient Mortgages Pilot Scheme" is a European pilot plan to which several Italian banks, including Unicredit, have adhered. This scheme aims to make so-called "green mortgages", i.e. low-interest loans for the construction or purchase of an ecological house or for the improvement of the energy efficiency of an existing house, more accessible.
The new "facade bonus" for 2020
The facade bonus is a 90% deduction for interventions aimed at recovering or restoring the external facade of buildings, but only if they are located in zone A (old town centres) and zone B (totally or partially built areas).
Wood and LED lighting
Sometimes simple changes, such as the choice of LED lighting in your home, make for a significant energy saving in the bill, or the choice of wood as a material for windows and doors can help to make your home more ecological.
Italy’s fuel bonus 2024: who can get it and how much it is
With fuel prices at an all-time high in Italy, many are wondering whether they can still take advantage of Italy’s fuel bonus in 2024. The answer is yes. But what exactly is it? Originally introduced by the country’s Aid Decree, the fuel bonus has been confirmed by the Italian government for the current year as well. Let's find out what exactly Italy’s fuel bonus is, who can get it and how much it is.
The most expensive cities in Italy 2024
Inflation in Italy is on a declining path, at least compared to the astronomical levels we have seen in recent times. However, this does not mean that life has suddenly become cheaper: the transmission of a drop in inflation to real prices is always much slower than the opposite movement. The Italian Consumer Council Codacons has drawn up a ranking of the Italian cities where price and tariff rises weighed most in 2023, calculating the impact of inflation in terms of increased spending for resid
Half of Italians' wealth is in housing according to Bankitalia
According to an analysis by Bankitalia, based on ECB statistics, 5% of Italian households own 46% of the country's wealth. Wealth, about half of which, on average, consists of housing. But the percentage varies depending on the wealth of the household and comes to constitute three quarters of the below-average household wealth
Quality of life ranking 2023: Udine takes first place with Bologna and Trento also on the podium
For the first time in 34 years, the Sole 24 Ore's annual survey on the quality of life, based on 90 parameters not only economic, assigns the province of Udine the first place in the ranking, followed on the podium by Bologna and Trento. A result that rewards the leap forward of the Friulian city, twelfth in the last edition, after it had placed among the top ten only three times since 1990, namely in 2016, 2020 and 2021. On the other hand, the second and third places sound more like confirmatio
Economic growth in Italy and the world: Prometeia's forecasts 2023-2024
The expansionary phase of the Italian economy may have come to an end, in line with the slowdown of the global one. So says Prometeia's growth forecast report, which sees Italy's GDP in 2023 at +0.7%, the Eurozone's at +0.6% and the global GDP at +2.8%. But a possible recovery is looming from 2024. Let's see what the forecast for growth is.
Inflation and property investment: what to expect in 2024
In the first nine months of 2023, €3.5 billion of capital market investments were registered in Italy, a volume that is still below that of the same period in 2022. However, Q3 2023, with an invested volume of €1.5 billion and a change of +53% compared to the previous quarter, shows a positive turnaround compared to previous quarters. This is the snapshot of the most recent report by Gabetti's Studies Office, which forecasts a slight improvement as early as 2024.
Board, lodging and bonuses: how the Island of Elba is trying to solve the shortage of doctors
Crystal-clear waters, breathtaking landscapes and nature to discover. The charm of the Island of Elba continues to attract Italian and foreign tourists every year. However, the local administration also has to deal with the shortage of doctors on the island. This is why the Region of Tuscany is about to approve an incentive package to attract doctors. How? Let's find out together.