In the budget legislation of 2018 the government has introduced the so-called Bonus Verde, offering the possibility of income tax deductions for expenses on ecological upgrades by private investors.
“We are looking at a breakthrough in urban living,” says Maurizio Crasso, director of Harpo. “These incentives encourage awareness of the benefits of greenery for the environment, in line with the particular expertise of Harpo. Not a question of mere looks, but the possibility of making a real contribution to improve the environment.”
What is called for in the legislation, and what is the target?
Those who intend to refurbish or organize gardens, courtyards, terraces and balconies can take advantage of these tax breaks: for 2018 it is possible to deduct 36% of expenses on “green improvements.”
Is there a limit on expenditures?
The deduction can be applied to a maximum expenditure of 5000 euros per residential unit.
What are the benefits of greenery in a residential context for the environment?
“Reduction of CO2 emissions; soil water retention up to 70-90%; particulate matter filtering (10-20% less) and fixation of nutrients from air and rainfall; protection from noise by reducing reflection and soundproofing of roofing surfaces.”