Italian Ministry of Industry

• Italy: Political Frame Condition Update-

  The change at the helm of government in Italy has already had some positive effects on the solar thermal sector. The tax credit extensions were confirmed earlier than in the years before. At the beginning of December, the government approved the extension until 31 December 2012 under the current conditions. If they had not done so, the tax reduction would have expired at the end of 2011. According to the current regulations – in place since January 2011 – residential customers can deduct 55 % of the investment costs from their income tax during a period of 10 years.