Guide to Solar Panels in Madrid
How to save up to 70% on your bill with solar panels in Madrid
The cost of energy and the quest for independence from fluctuations in the electricity market have made the photovoltaic self-consumption one of the best investments for both private homes and businesses.
In the Community of Madrid, thanks to the annual hours of sunshine and the tax incentives currently in place, a solar installation pays for itself faster than ever. In this guide, we explain how the process works and how to make the most of it.
1. How much can you actually save with solar panels?
The average saving on your electricity bill after installing solar panels is around 50% and 70%. However, this percentage depends on three key factors:
- Your consumption profile: Using energy during daylight hours maximises the direct use of the installation.
- Correct sizing: Designing a system tailored to your actual needs helps avoid unnecessary additional costs.
- Surplus management: Any surplus energy that you do not use during the day is fed into the electricity grid in return for financial compensation.
Money-saving tip: Combine your solar installation with a Virtual Battery It allows you to accumulate the financial value of surplus energy to offset your bill in months when solar production is lower, or even to apply the credit to second homes.
2. Grants and tax relief in Madrid
Installing solar panels not only reduces your monthly electricity bill, but also significantly cuts the initial cost thanks to government incentives:
Income tax deduction: Depending on the improvement in the property’s energy efficiency, it is possible to claim a tax deduction of between 20% and 60% of the installation cost on your tax return.
Property Tax Rebate: Many local councils in Madrid offer discounts of up to 50% on property tax for a period of 3 to 5 years.
Reduction in the ICIO: Discounts of up to 95% on the Tax on Buildings, Installations and Works.
3. Steps for a “turnkey” self-consumption installation”
To ensure that the installation is cost-effective and safe, the process must follow these key steps:
Preliminary photovoltaic study: Analysis of your hourly consumption curve and the technical feasibility of the roof.
Certified technical installation: Installation of solar modules and high-efficiency inverters.
Legalisation and registration: Procedures with the Madrid Regional Ministry of Industry to legalise the installation.
Enabling surplus offsetting: Handling administrative procedures with the distribution and supply companies.
Would you like to know how much you could save on your roof?
At CYC Energy We manage your project from start to finish, from the engineering stage right through to applying for tax incentives, so you don’t have to worry about the paperwork.
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