December 3, 2023

Wire Service Canada

Complete Canadian News World

Renewable Energy Bonus 2022: What it is and when it is due

Renewable Energy Bonus 2022: What it is and when it is due

Renewable Energy Bonus 2022: Those who decide to install integrated storage systems in electricity production plants from January 1 to December 31, 2022, which are operated using only renewable energy sources, can take advantage of the tax exemption. Let’s see the details in the following article.

The Renewable Energy Reward Consists of credit tax Calculated on costs incurred for installation Built-in storage systems in electrical production plantswhich are operated using only renewable energy sources.

Let’s see all the bonus details together.

Renewable Energy Bonus 2022: What is it?

Solar Panels

The Renewable Energy Bonus 2022 It is a new incentive that provides the ability to reach credit tax to install Integrated storage systems with electrical production stations which are operated using only renewable energy sources,

To be able to claim the reward, you must comply with two Requirements:

  • Production plants shall only and exclusively be operated by Renewable energy sources;
  • Expenses must occur in order to benefit from the facilities Between January 1 and December 31, 2022.

Only natural persons can submit an application for a tax credit.

The reward for renewable energy can be based on the total 2022 financial endowment equal to 3 million euros.

Renewable Energy Bonus: Questions and Amounts

Revenue Agency 1200 & # 215;  675

The Renewable Energy Bonus request will be sent electronically using Revenue Agency Portal. In the application, it will be necessary to report information related to expenses incurred, You will also share the documents needed to prove these expenses.

READ  Prices are rising again, and that will be a drag on car travel this summer

Specific information related to timing They will be informed by the same agency of a specific decree.

As for theamount Disbursed with the bonus, once the application time window closes, the available resources will be split between the different cases that have been submitted and approved. Only at this stage will applicants be able to know the exact amount of the contribution.