90% Superbonus

Among the services offered by Romeo Group Fotovoltaica SRL, great attention is dedicated to incentives and tax benefits for both companies and private citizens regarding energy efficiency of buildings, including the 90% Superbonus. Romeo Group Fotovoltaica SRL is an ad hoc structure formed by a team of engineers specialized in specific fields, dedicated to solving technical and bureaucratic issues in order to obtain all the benefits provided by regulations. The 2023 Superbonus, also known as the 90% Superbonus, is a form of state aid that was born a few years ago, and was originally known as the 110% Ecobonus. In summary, the incentive provided a 110% deduction rate for expenses incurred by June 30, 2022, for renovations aimed at improving energy efficiency, for the installation of photovoltaic systems, for electric mobility infrastructure, and for seismic improvements to buildings. However, seeing the increasing amount of expenses, the new government decided, through the decree on fourth aids and the 2023 Budget Law, to reduce the benefit to 90%, and then gradually reduce it over the years (70% in 2024 and 65% in 2025). Moreover, with the new 2023 Superbonus, some rules related to the transfer of credits have also changed, as we will see later on. Below are the main changes: • the deduction applicable to the Superbonus will decrease from 110% to 90% from January 1, 2023; • credit transfers will no longer be applicable, except for works already in progress with requests submitted by February 16, 2023. Furthermore, new rules have been established for accessing the benefit, particularly related to the renovation of condominiums and single-family villas. Superbonus 2023 News Here is a list of the 3 most important novelties introduced with the new Superbonus: 1. Superbonus 2023: news for single-family buildings One of the main changes that will come into effect with the 2023 Superbonus is related to work on single-family villas, buildings, and similar dwellings. Specifically, depending on their condition, there will be two possibilities: • right/extension of the Superbonus with a 90% deduction for the entire 2023; • extension of the 110% deduction until March 31, 2023, provided that at least 30% of the work has been completed by September 30, 2022. In addition, some specific requirements have been added to be eligible for the 90% bonus. In particular, those who want to access the 90% deduction for the entire 2023 must: • own a property that is used as the main residence; • have a total income that does not exceed €15,000; • enjoy a real right of enjoyment (such as naked ownership, usufruct, and the like). However, the income of € 15,000 must not be exceeded according to the calculation of the new family quotient. In summary, this calculation is done by adding up the incomes of all members of the family and dividing by the number of members, with each family member having a certain value depending on their position (spouse, child, etc.). As already mentioned, those who have already completed at least 30% of the total work by September 30, 2022, will be able to extend the 110% deduction until March 30 of this year. 2. New Superbonus for condominiums: how does it work With the new Superbonus 2023, access to the facilitated deduction for condominiums involves various scenarios, some of which allow for a deduction of 110%, while others allow access to a deduction of 90%. Let’s analyze everything in detail. First of all, access to the 110% deduction will be granted to: • those who need to carry out interventions with a CILA-S submitted by November 25, 2022; • those who carry out interventions on condominiums with an assembly resolution plus a substitute declaration (by November 18, 2022) and with a CILA-S submitted by December 31, 2022; • those who carry out interventions on condominiums with an assembly resolution (between November 18 and 24) plus a substitute declaration and with a CILA-S submitted by December 25, 2022; • those who carry out demo-reconstruction interventions, provided that the application has been submitted by December 31, 2022. All other types of interventions, always respecting the conditions to access the Superbonus, will enjoy a deduction of 90%. In particular, we can distinguish between main works and ancillary works. Main works include: • thermal insulation of at least 25% of surfaces; • installation of modern heat pumps; • improvement of anti-seismic safety. Ancillary works that can be combined with the main works include: • improvement of energy efficiency through fixtures; • installation of intelligent and home automation devices; • installation of photovoltaic panels; • installation of charging columns for battery-powered vehicles; • increase of at least 2 energy classes throughout the building. 3. Stop to tax credit assignment and invoice discount: news of the Superbonus 2023 The communication for tax credit assignment or invoice discount had to be sent in advance to the Revenue Agency, by filling out the appropriate forms through one’s reserved area. In short, one simply needed to access the “Services” section and then go to “Incentives.” From there, it was necessary to open the section “Communications and options for building interventions and Superbonus.” However, as announced by the Government with the press release of the Council of Ministers n. 21 on February 16, 2023, on the proposal of President Giorgia Meloni and Minister of Economy and Finance Giancarlo Giorgetti, urgent measures have been introduced regarding the assignment of tax credits related to the aforementioned tax incentives. In particular, it was highlighted how tax credit assignment for tax incentives had negative effects on the increase of public debt. Consequently, with the exception of specific derogations for ongoing operations, such as those we have seen above, “it will no longer be possible to opt for the so-called ‘invoice discount’ or for the assignment of the tax credit.” Moreover, the first assignment of tax credits relating to specific categories of expenses will be removed, while the possibility of deducting the corresponding amounts during the tax return remains unchanged. Superbonus 2023: how to request it The request procedures for the Superbonus 2023 remain almost unchanged. Therefore, simply submit one’s request using the official ENEA website, sending the necessary documents within 3 months (90 days) from the effective completion of the work. The process is very simple: Go to the official ENEA website and register to access it. • Fill out the appropriate fields with the beneficiary’s information, including the information of the property in question. • Fill out the documents related to the APE (Energy Performance Certificate). • Send a copy of the sworn statement and a conformity endorsement, both signed. The documents will then be subject to verification, and if the outcome is positive, one can access the tax credit, which will be applied directly to the tax return.