Tax Credits for Construction Companies

Chile’s tax rebate scheme law 20365 for the housing industry ended on 31 December 2013. After the election the new government promised to reactivate the tax credits at the beginning of 2015, it took until February 2016 to relaunch the tax credit scheme (Law 20.897) 

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Country / region   Chile
Name of programme  Providing tax relief for solar thermal systems
Type of incentive  Tax rebate
Eligible technologies  Solar water heating systems
Applicable sectors  Construction companies and housing developers
Target group  Newly constructed residential buildings for low-income families 
Maximum of tax rebate  Property value less than UDF 2,000: 100% deduction
Property value less than UDF 3,000: Linear decrement between 100 % and 0% 
Property value more than UDF 3,000: 0% deduction
Requirements for system  Solar thermal system must be capable to generate at least an average 30 % of the annual demand for hot water
Special Requirements The construction company is required to submit to the municipality the model and serial number of the collectors and tanks, as well as a written confirmation about their design allowing for the minimum solar share stipulated in the law

Effective date  2010, relaunched February 2016
Expiration date  End of 2020
Website 

http://www.minenergia.cl/sst/?page_id=309

Last review of this tabloid  September 2018
Contact

Comisión Nacional de Energía
National Energy Commission

Ruben Bustos Muñoz rmunoz@cne.cl

 

Effective Date: 
February 1, 2016
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