In 2021, the government again expanded and increased the number of subsidies and tax benefits. With this they want to encourage entrepreneurs to invest in solar panels. In this article we provide an overview of all current tax benefits and subsidies for solar panels.
EIA » Energy investment deduction
The Energy Investment Allowance was created to encourage the use of sustainable energy. Solar panel owners may deduct an additional 45,5% of the total investment costs from their taxable profit.
KIA - Small-scale investment deduction
In addition to EIA, you may apply the 'ordinary' Small-Scale Investment Allowance. The KIA was created to encourage investment in company assets. By means of this scheme you can deduct up to a maximum of 28% of your investment in solar panels from your profit.
TAURUS - Job Related Investment Discount (NEW!)
To ensure that companies continue to invest despite the corona crisis, the Job-related Investment Discount came into effect from 1 January 2021 for a period of two years. The extra tax benefit is 3,9% for investments up to five million euros per calendar year and 1,8% for investments above five million euros per calendar year.
IS THE - Investment subsidy Renewable Energy and Energy Saving (NEW!)
An extra Investment Grant for Sustainable Energy and Energy Saving for business users, to apply for a subsidy for the purchase of solar panels.
SDE++ - Stimulating Sustainable Energy Production and Climate Transition
With the SDE++ subsidy, the government stimulates sustainable energy production and CO2 reduction for companies and institutions.
JoLa - Subsidy Young Farmers
With this subsidy, the government supports young farmers up to the age of 40 with the purchase of sustainable investments.
Because solar panels last a long time, require little maintenance and generate a lot of power, the efficiency of a solar panel installation is very interesting for agricultural entrepreneurs. Whether the entrepreneur has had a good year and wants to avoid having to pay a lot of tax; or whether he is looking for an extra, stable source of income, as a second leg under his company, there are all kinds of smart reasons to make a company more sustainable with solar panels.
More information about solar panels and what is involved can be found at the Energy Shift website, a major solar panel specialist in the agricultural sector. There are also many on the website references from farmers who already have solar panels, and a Online calculator which calculates the return the entrepreneur can achieve with solar panels on his roof.