INTIEAChile · Chile Capital Grant and Tax Support to Solar Water HeatingPolicyIn force

Chile Capital Grant and Tax Support to Solar Water Heating

Chile has three mechanisms to encourage installing solar water heaters (SWHs) for residential water heating: a tax exemption for SWH installation in new housing (from 2017) a subsidy to incorporate SWH into housing reconstruction programmes (2014-17) Ministry of Housing and…

Last changed 7 years ago.

Extracted view for reading · Original for compliance evidence

Lifecycle

  1. Effective
  2. Last change

Country / jurisdiction: Chile · Year: 2014 · Status: In force · Level: National · Type: Voluntary

Chile has three mechanisms to encourage installing solar water heaters (SWHs) for residential water heating:

a tax exemption for SWH installation in new housing (from 2017)

a subsidy to incorporate SWH into housing reconstruction programmes (2014-17)

Ministry of Housing and Urban Development (MINVU)'s Family Heritage Protection Programme for existing public housing (from 2011).

With these measures, more than 90 000 homes have hot water supported by solar thermal systems.

Tax benefits for installing SWHs were initially granted from 2010 to 2014, and the programme was extended until 2020. The benefit applies to new houses and apartments with SWH installed between 1 January 2015 and 31 December 2020 in accordance with the technical requirements set by law and having a municipal acceptance certificate.

Construction companies can deduct the cost of the SWH, its installation and five years of maintece from their income tax or any other tax.

The tax benefit varies according to the value of the dwelling (land + construction costs):

less than 2 000 UF,5 the benefit covers up to 100% of the investment.

between 2 000 and 3 000 UF, a linear decrease of the benefit from 100% to 0%

more than 3 000 UF, no tax benefit.

The level of tax benefit per housing depends on the size of the solar thermal system: the benefit is the biggest for the smallest systems. The level of the benefit declines each year between 2015 and 2020.

In response to housing reconstruction needs because of the natural disasters that occurred in 2014 and 2015, the government introduced a subsidy for the installation of SWH as part of the housing reconstruction programme. In total, some 5 200 buildings received the subsidy.

For existing public housing, MINVU and the Ministry of Energy have created a subsidy for the installation of SWH. From 2011 to 2015, the subsidy was granted to 28 000 buildings.

Official source: https://webstore.iea.org/energy-policies-beyond-iea-countries-chile-2018-review

Source

https://www.iea.org/policies/6554

Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.

Related in International

INTEnergy Newsoilprice:oilprice-article-45490NewsIn force

Oil Industry Braces for Years-Long Iran War

Oil producers, traders, and refiners are bracing for a prolonged war between the United States and Iran in the Persian Gulf with little to no hope of a quick resolution. By extension, they are also preparing for higher prices for longer, a theme present at this year’s edition of the Asia Pacific Petroleum Conference. Reuters’ Clyde Russell reported this week that the mood at APPEC was not particularly cheerful as hostilities in the Middle East escalate once again, suggesting achieving peace would be quite a challenge. The Reuters columnist…

16 hours ago
INTEnergy Newsoilprice:oilprice-article-45486NewsIn force

Stolen Electricity is Powering Illegal Crypto Farms Across the Globe

Electricity theft is a global problem, and it’s getting more dire all the time. While the problem is most common in developing countries, where grid infrastructure is limited and utilities and state authorities have lower oversight capacities, developed countries are not immune either. This theft can occur in many forms and at many scales, from individuals tapping into power lines to power their individual residences to large-scale and sophisticated theft schemes to power entire cryptocurrency mining farms. Just this week, Mexican authorities…

18 hours ago
INTEnergy Newsoilprice:oilprice-article-45475NewsIn force

The Race to Solve Nuclear Energy’s Biggest Problem

Nuclear power is growing in popularity once again as governments worldwide look to diversify their energy mix and reduce reliance on fossil fuels. Several countries are now looking to develop or expand their nuclear energy capacity over the coming decades. However, one challenge remains – nuclear waste. Disposing of waste materials from nuclear energy operations remains a complex task with no perfect solution. As countries worldwide have grown their nuclear power capacity, many governments are still struggling to decide on the best solution…

20 hours ago
INTEnergy Newsoilprice:oilprice-article-45473NewsIn force

Iran’s Security Crackdown Runs Into Resistance From Within

Iran's parliament is trying to turn fears of foreign infiltration into law. But as lawmakers work through the legislation, the debate is exposing an increasingly awkward question for the Islamic Republic: How far should the state go in policing Iranians' contact with the outside world? At the center of that debate is Parliament Speaker Mohammad Baqer Qalibaf, who, at least publicly, is doing a balancing act. He has defended the need for tougher measures against foreign infiltration while warning that the current draft of the legislation goes too…

22 hours ago
INTEnergy Newsoilprice:oilprice-article-45474NewsIn force

Why More Homes Are Switching From Gas to Heat Pumps

Heat pumps are becoming an increasingly popular alternative to gas-powered central heating systems and are increasingly being used in new construction, often driven by government incentives. A heat pump uses technology similar to that found in a refrigerator or an air conditioner, extracting heat from a source, such as the surrounding air, and amplifying and transferring the heat to where it is needed. As most of the heat is transferred rather than generated, heat pumps are far more efficient than conventional heating technologies such as boilers…

24 hours ago