Reduction in Municipal Property Tax (IMI) for those who invest in or participate in the installation of renewable energy production for self-consumption
Who can benefit?
- Owners of urban buildings located in the Municipality of Porto (housing, commerce and industry).
- The benefit is valid for renewable production units for self-consumption (individual or collective) and renewable energy communities.
Amount of the reduction?
- The benefit can reach up to €500 for each kilowatt (kW) of installed power for self-consumption.
- The reduction will be applied to the property's IMI (property tax), with a maximum term of three years.
Requirements?
- The reduction will be granted once per property registration number.
- It cannot be combined with other tax benefits of a similar nature (e.g. Tax Benefits Statute).
- Applicable to renewable energy production units registered from 2 April 2024 onwards.
See the Regulations at:
https://portaldomunicipe.cm-porto.pt/pt/home
For more information, contact our team today.
