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Subsidies and Tax Advantages
As we face the pressing challenges of climate change and environmental degradation, the shift towards green energy technologies is not just a necessity but a smart choice for a sustainable future. Quantanest is committed to supporting Austrian households in transitioning to more sustainable, eco-friendly heating solutions. We’re excited to guide you through all available subsidy programs.
Explore Tax Advantages for Green Energy Investments
At Quantanest, we ensure that our customers not only receive the best green technology solutions but also benefit from significant tax advantages that make these investments even more appealing. Here’s a breakdown of the key tax benefits available for those adopting solar energy and electric vehicle technologies.
VAT Exemption for Photovoltaic Systems and Accessories
Since January 1, 2024, private individuals will benefit from a VAT exemption on the purchase of photovoltaic systems and associated storage units. This exemption applies to systems with a capacity of up to 35 kWp, making solar energy more accessible than ever, and include:
- Planning and Installation Services: The design and implementation of the PV system.
- Materials and Accessories: This includes battery storage, inverters, and solar cables.
Details of the VAT Exemption
- Applicable Components: The VAT exemption covers all components of the PV system, including planning and installation services on new systems or expansions of already existent systems, as well as essential materials and accessories such as battery storage, inverters, and solar cables.
- Simplified Process: No funding application is required to benefit from this exemption, simplifying the process for homeowners. This measure replaces the previous federal subsidy, streamlining the support for solar energy adoption.
Why Choose Quantanest for Your Solar Solutions?
At Quantanest, we not only provide state-of-the-art solar technology but also ensure that you benefit fully from available financial incentives. Our team of experts will guide you through the selection and installation of your PV system and storage solutions, ensuring you maximize savings and efficiency. With the VAT exemption and our expertise, going solar is easier and more cost-effective than ever.
Choose Quantanest for a seamless transition to solar power, enhanced by comprehensive support and financial benefits that make your investment in green energy a smart and sustainable decision.
Income Tax Exemption for Solar Energy Production
- Exemption Details: Income earned from feeding up to 12,500 kWh of electricity annually into the public grid is exempt from income tax.
- System Specifications: This exemption applies to systems where the bottleneck capacity does not exceed 25 kWp for the 2022 assessment year. From 2023 onwards, the exemption is applicable if the bottleneck capacity is up to 35 kWp and the connected load does not exceed 25 kWp.
This tax benefit is designed to promote the generation of clean electricity and support the financial viability of small-scale renewable energy production.
THG Quotenhandel: Tax-Free Income for Electric Vehicle Owners
- Process: Private owners can transfer the electricity used for charging their vehicles to fuel companies through an authorized applicant.
- Compensation: For this electricity transfer, owners receive a fee from the collecting companies.
- Tax Status: The fees received for this transfer are tax-free in your private tax return.
- Contractual Rights: As an electric vehicle owner, you are entitled to conclude a contract with a collecting company once a year, known as the “e-Prämie.”
This innovative scheme not only supports the use of electric vehicles but also provides an additional financial incentive for EV owners, contributing to the broader goals of reducing carbon emissions and promoting sustainable transportation.
Why Choose Quantanest?
Choosing Quantanest means more than just accessing top-tier green technologies. It means gaining a partner who will navigate you through the landscape of financial incentives, ensuring that you not only invest in sustainability but also benefit from significant economic advantages. Let us help you maximize your investment with these tax benefits, making your transition to green technology as rewarding as it is responsible.
Federal and State Subsidies for Heat Pumps
Transitioning Away from Oil and Gas: Subsidy Program for Private Individuals
Quantanest is committed to supporting Austrian households in transitioning to more sustainable, eco-friendly heating solutions. We’re excited to guide you through the “Getting out of oil and gas” subsidy program, facilitated by the Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation, and Technology. This initiative aims to replace old fossil-fueled heating systems with environmentally friendly alternatives.
Program Overview
- Eligible Buildings: The subsidy is available for single-family homes, duplexes, and row houses.
- Funding: Starting January 1, 2024, the subsidy covers up to 75% of eligible costs, calculated using a flat rate based on the installed technology. Services rendered from January 1, 2023, are eligible for funding, ensuring that early adopters can also benefit.
- Application Deadline: Applications can be submitted online as long as budget funds are available, but no later than December 31, 2025.
Eligibility Criteria
- Applicants: Homeowners, tenants with building rights, and tenants of single or two-family homes and row houses.
- Building Requirements: Only existing buildings predominantly used for residential purposes qualify. More than 50% of the total building area must be residential.
- Technological Shift:
- Primary funding is for connections to high-efficiency or eco-friendly local/district heating systems.
- If such a connection isn’t feasible, switching to biomass central heating (wood chips, logs, pellets) or a heat pump is supported.
What Costs Are Covered?
- Installation: Costs for the heating system, planning, and installation.
- Decommissioning:Costs for dismantling and disposing of old boilers and tanks.
Additional Incentives
- Electric Stove Bonus: Replacing a gas stove with an electric one during the heating system overhaul comes with an additional bonus.
- Solar Bonus: Installing a solar thermal system alongside the new heating system qualifies for extra funding.
Application Process
- Registration: Begins by registering your project online, detailing the heating system to be installed, associated costs, and technical specifications.
- Submission: Must occur within 12 months post-registration. At the time of application, the heating system should be fully installed and operational.
Funding Details
- Heat Pump Systems: Up to €16,000 for air-water systems; €23,000 for water-water or brine-water systems. Specific conditions apply based on the type of refrigerant used and its global warming potential.
- Biomass Systems: Up to €18,000 for pellet or wood chip heating systems; €16,000 for log heating systems.
- Local/District Heating: Up to €15,000 for connecting to an eco-friendly heating network.
- Bonuses: Additional funds are available for installing electric stoves, low-temperature heating systems, and solar thermal systems.
Why Choose Us for Your Transition?
Quantanest not only provides state-of-the-art heating solutions but also offers comprehensive support in navigating subsidy applications and optimizing your investment. Our experts are here to ensure that your transition to green heating is smooth, cost-effective, and perfectly tailored to your needs.
Clean Heating for All: Income-Based Subsidy Program
At Quantanest, we believe in making sustainable heating solutions accessible to everyone, including households with limited financial resources. The “Clean Heating for All” program is specifically designed to help low-income private households transition to eco-friendly heating technologies by providing additional financial support on top of existing federal and state subsidies.
Who is Eligible?
This subsidy is tailored for private households falling within the lowest third of income levels. Specifically, for a single-person household, eligibility is determined by a net monthly income of up to EUR 1,904.
Subsidy Details
The program offers generous funding to cover the costs of replacing old fossil fuel heating systems with modern, efficient, and environmentally friendly alternatives. The subsidy amounts are capped at the technology-specific upper cost limit, ensuring comprehensive support for the installation of the following systems:
- Air/Water Heat Pump: Up to EUR 25,383
- Brine/Water Heat Pump: Up to EUR 37,252
- Water/Water Heat Pump: Up to EUR 37,252
Additional Information
- Comprehensive Coverage: The funding provided under this program is in addition to the federal and state subsidies, allowing for a significant reduction in the financial burden on eligible households.
- Application Integration: To streamline the process, the subsidy is integrated with the regular application for federal and state heating system replacements, ensuring a seamless transition to green energy.
How to Apply?
To ensure that you receive the maximum possible benefit, Quantanest will assist you throughout the application process. Our team will guide you in preparing and submitting all necessary documentation to secure this additional funding.
By choosing Quantanest, you ensure that your transition to sustainable heating is not only environmentally responsible but also economically viable. Let us help you make your home warmer and your future brighter without the financial strain.
Subsidies and Tax Advantages
For Photovoltaic Systems and Electricity storage
Embrace the power of the sun with Quantanest! We’re here to help you harness solar energy efficiently and affordably through attractive subsidies and tax incentives designed to lower the upfront costs of photovoltaic (PV) systems and energy storage solutions.
Latest Photovoltaic Funding Updates
As of 2024, the Austrian government has increased its support for photovoltaic installations through the Renewable Expansion Act (EAG). Significant funding opportunities are available for both new installations and expansions of existing systems:
- System Size and Funding: Supports systems up to 1 MWp with a tiered funding approach. Systems over 20 kWp are evaluated based on the subsidy requirement, ensuring targeted support.
- Storage Solutions: Accompanying storage capacities up to 50 kWh are also eligible for funding, encouraging the integration of energy storage solutions to enhance grid stability and energy management.
- Financial Allocation: A dedicated budget of €135 million for 2024 underscores the government’s commitment to expanding solar energy infrastructure across Austria
1. EAG Investment Grant for Photovoltaics and Electricity Storage
Quantanest is dedicated to enhancing the accessibility and affordability of renewable energy through comprehensive support for funding opportunities. The EAG Investment Grant facilitates significant financial assistance for the installation of photovoltaic systems and integrated electricity storage solutions, ensuring that our clients can maximize their investment in clean energy.
Overview of the EAG Investment Grant
The EAG (Erneuerbare Ausbau Gesetz) offers investment grants for both natural and legal persons planning to install new photovoltaic systems or expand existing ones with additional PV capacity.
Here’s what you need to know about applying for and benefiting from this grant
Eligibility and Application
- Who Can Apply: Any natural or legal person intending to install a new photovoltaic system or expand an existing one.
- Application Timing: Applications must be submitted before the system is commissioned. If an application is not funded due to budget constraints, it can be resubmitted at the next funding call, even if the system has been commissioned in the meantime.
- Restrictions: Funding is not available for standalone electricity storage systems or for expanding existing storage systems without additional PV capacity.
Funding Rates for 2024
The grant provides funding based on the capacity of the photovoltaic system installed:
- Category A (0.01 – 10 kWp): €195 per kWp
- Category B (>10 – 20 kWp): €185 per kWp
- Category C (>20 – 100 kWp): Up to €150 per kWp
- Category D (>100 – 1,000 kWp): Up to €140 per kWp
- Electricity Storage: €200 per kWh, but only in combination with a new or extended PV system
Why Apply for the EAG Investment Grant with Quantanest?
Quantanest simplifies the application process for the EAG Investment Grant by providing expert guidance and support from start to finish. We ensure that all prerequisites are met and that your application is submitted in a timely manner, maximizing your chances of receiving funding. By choosing Quantanest, you benefit from:
- Comprehensive Project Assessment: Detailed evaluation of your site and energy needs to determine the optimal system size and configuration.
- Seamless Application Process: Handling of all administrative aspects of the grant application, ensuring compliance with all guidelines and deadlines.
- Expert Installation: Professional installation of photovoltaic and storage systems that meet all technical and regulatory standards required for funding approval.
Explore the possibilities of reducing your energy costs and increasing your sustainability with Quantanest. Let us help you harness the power of the sun more affordably with the support of the EAG Investment Grant.
2. EAG Market Premium for Solar Energy Contribution to the Grid
At Quantanest, we not only facilitate the installation of state-of-the-art photovoltaic (PV) systems but also help you capitalize on the energy they produce. The EAG Market Premium is a lucrative subsidy for those who feed electricity from their new PV systems or expansions into the public grid, providing a financial return over an extended period.
Overview of the EAG Market Premium
The EAG Market Premium rewards the contribution of clean, renewable electricity to the national grid by offsetting the costs of electricity production against the average market price on the electricity exchange. This subsidy is designed to promote the expansion of renewable energy capacity and support the integration of sustainable energy sources into the energy mix.
Business-Specific Solar Incentives
In addition to supporting residential green initiatives, Quantanest is also dedicated to helping businesses leverage solar energy efficiently. The OeMAG Market Bonus offers a compelling opportunity for businesses to reduce operational costs through solar energy production. This incentive compensates for electricity fed into the public grid from new PV systems or expansions specifically installed at business facilities, making it an ideal solution for companies looking to enhance their energy sustainability and economic efficiency. More details about the eligibility and application process for businesses can be found here.
Current Context
Given the high current electricity prices, the market premium will not be extensively disbursed at this time. However, it serves as a financial safeguard, ensuring that should electricity prices decrease, the support will effectively help stabilize income from your PV investment.
Eligibility Criteria
- System Requirements: New PV systems or expansions with a capacity greater than 10 kWp.
- Installation Locations: Eligible systems can be installed on buildings, infrastructure, or open land.
- Application Timing: Applications must be submitted before the project starts to qualify for the premium.
Funding Structure
- Payment Duration: The market premium is paid monthly for a period of 20 years, providing a long-term benefit for your investment in solar technology.
- Price Calculation: The subsidy is calculated based on the economically necessary electricity price, which must be detailed in the application. The price cap is set at 8.98 cents per kWh.
- Special Discounts: For installations on agricultural land and grassland, a 25% discount on the bid value is offered, making it more affordable to install large-scale systems in rural areas.
- Ranking of Applications: Funding applications are prioritized according to the competitiveness of the electricity price proposed, with the lowest prices receiving precedence.
Why Engage Quantanest for Your PV System?
Choosing Quantanest for your solar energy projects means you benefit from comprehensive support in not only installing your system but also in maximizing its financial returns:
- Expert Guidance: We provide detailed advice on how to structure your application to enhance your chances of receiving the market premium.
- Financial Optimization: Our team ensures that your setup is optimized for energy production efficiency and cost-effectiveness, aiming for the lowest possible electricity price submission.
- Seamless Project Execution: From planning and application through installation and grid integration, Quantanest handles every aspect meticulously, ensuring compliance with all regulatory requirements and subsidy conditions.
Leverage your solar investment to its fullest potential with Quantanest. Let us help you transform the sunlight into sustainable profit, enhancing your return on investment through the EAG Market Premium.
Subsidies and Tax Advantages
For Electricity Storage
1. 2024 Initiatives for Energy Storage
Looking ahead to 2024, Quantanest is poised to assist businesses and individuals in taking advantage of targeted funding for energy storage systems. This funding is crucial for those planning to enhance their energy efficiency and management through the installation of new or expanded energy storage systems. Recognizing the importance of sustainability, these incentives are designed to support the integration of storage systems that can significantly stabilize and optimize energy usage. Detailed information on applying for these grants is available here.
2. Large-Scale Storage Facilities Support Program
Quantanest is committed to advancing energy storage solutions that enhance grid stability and increase renewable energy utilization. We assist our clients in accessing support from the Climate and Energy Fund, which is dedicated to fostering the development of innovative medium and large-scale electricity and heat storage facilities.
Overview of Support
The Climate and Energy Fund aims to promote the integration of larger storage systems that can significantly improve energy management and sustainability. This initiative is crucial for those looking to implement substantial storage solutions that can handle the demands of modern energy networks.
Supported Projects Include:
- New Installations: Support for the installation of brand-new electricity and heat storage systems.
- System Expansions: Assistance is also available for expanding the capacity of existing storage facilities to accommodate greater energy needs.
- Medium-Sized Systems: Storage solutions with a net capacity ranging from 51 kWh to 250 kWh.
- Large-Sized Systems: Larger systems that have a net storage capacity of 251 kWh or more.
Comprehensive Environmental Support for Businesses
Beyond energy-specific solutions, Quantanest aids businesses in accessing comprehensive environmental protection funding. This initiative supports a wide range of environmental upgrades within companies, promoting broader sustainability efforts. These programs are especially beneficial for businesses implementing large-scale projects that encompass various environmental aspects beyond just energy systems. Explore more about these opportunities here.
Benefits of Large-Scale Storage Systems
- Enhanced Energy Efficiency: Large-scale storage systems allow for the more efficient use of renewable energy by storing excess power during low demand periods and releasing it during peak times.
- Improved Grid Stability: By regulating the supply of electricity, these systems help maintain a stable and reliable grid, even with fluctuating sources like solar and wind.
- Cost Savings: Over time, these systems can offer significant cost savings by optimizing energy usage and reducing the need to purchase electricity during peak price periods.
- Increased Renewable Integration: Storage systems are essential for increasing the proportion of renewable energy in the grid by providing a buffer that compensates for the variable nature of solar and wind energy production.
Why Partner with Quantanest for Your Storage Solutions?
Quantanest provides expert guidance and technical support throughout the planning, application, and implementation stages of your storage project:
- Technical Expertise: We have the knowledge to design and install systems that perfectly match your energy requirements and maximize efficiency.
- Grant Application Assistance: Our team will help you navigate the application process for funding from the Climate and Energy Fund, ensuring you meet all the prerequisites and maximize your chances of receiving support.
- Project Management: From initial concept to final implementation, Quantanest ensures every aspect of your project is managed professionally, adhering to the highest standards of quality and compliance.
Leverage the potential of large-scale storage systems with Quantanest. Our commitment to innovation and sustainability makes us the ideal partner to help you enhance your energy capabilities and achieve long-term energy goals.