July 25, 2022
I am an entrepreneur and I am going to have solar panels installed on my home, what do I need to do?
The government is trying to encourage as many sustainable investments as possible. Solar panels are also part of this list. Read here what you need to do as a company when purchasing solar panels.
What are the tax benefits of purchasing solar panels?
As an entrepreneur, you have tax benefits when purchasing solar panels. The VAT on the solar panels themselves and their installation can be claimed back from the tax authorities. When you claim back this VAT, you must also pay VAT on the electricity generated by your solar panels that you don't use and sell back to the grid. Essentially, you become an energy supplier and therefore must pay VAT to the tax authorities.
How can I claim back the VAT on the solar panels?
You can claim back the VAT on the purchase and installation of your solar panels by filing your regular VAT return. For this, you must add the due VAT and input tax to the VAT of your business activities.
How does VAT work if I also use the solar panels privately?
This regulation applies regardless of whether you use the solar energy for business purposes only or also privately. The regulation applies in both situations.
With solar panels, you will ultimately receive much more VAT back than you have to pay. So, if you purchase solar panels, be sure to include them in your administration!
