Solar Energy in 2024: How can you finance your solar panel installation in France?

Before delving into the various government assistance programs, it is crucial to immerse oneself in the world of solar panels, the fundamental foundation for harnessing solar energy. These devices, strategically positioned on roofs or on the ground, play an essential role in capturing sunlight and converting it into usable energy.

Photovoltaic solar panels, widely adopted by individuals, generate electrical current when exposed to sunlight. There are primarily two variants: monocrystalline and polycrystalline. Understanding these distinctions is crucial when planning a solar installation. At I’M Solar, we prioritize quality by offering only monocrystalline panels, known for their increased efficiency.

So here are the aids, grants, and exemptions you can benefit from in 2024 in France to help finance your solar panel installation.

1. Eco-Interest-Free Loan (éco-PTZ)

A widely used aid mechanism is the Eco-Interest-Free Loan, applicable to various home energy improvements, including installations of thermal or aero voltaic solar panels. For thermal panels, the eco-PTZ can reach up to €10,000. By combining these projects with other energy renovations, the loan amount can reach €20,000 for two works and €30,000 for three or more.

2. Prime for Photovoltaic Self-Consumption

Replacing the old tax credit dedicated to photovoltaics, the prime for photovoltaic self-consumption aims to lighten the financial burden associated with the purchase of solar panels. This grant, distributed over five years, is automatically paid at the same time as the income from the sale of excess energy, depending on the power of the solar panels.

The prime rates for 2024 depend on the power of the installation:

• Up to 3 kWc: €0.43/Wc
• 3 to 9 kWc: €0.32/Wc
• 9 to 36 kWc: €0.18/Wc
• 36 to 100 kWc: €0.09/Wc

3. Tax Exemption

In addition to these aids, it is possible to benefit from an income tax exemption if the solar installation meets certain conditions. For power below 3 kWc, connected to a maximum of two points and not dedicated to a professional activity, no taxation is applied. Beyond 3 kWc, income from the sale of surplus electricity is taxable.

4. Energy Grant in 2024

Established by the State in 2017, the Energy Grant (Energy Savings Boost) facilitates energy work in homes. Managed by the government, it covers a significant part of the equipment acquisition costs and acts as an intermediary between professionals and individuals.

5. Energy Savings Certificates (CEE)

Introduced in 2006, Energy Savings Certificates encourage energy industry players to finance the Energy Grant. Contributors to energy consumption offset the costs of residential energy improvements, creating a symbiotic relationship between energy players and consumers.

6. Eligibility Criteria for the Energy Grant

Accessible to everyone, the standard Energy Grant depends neither on ownership status nor on the type of residence. To be eligible, renovations must meet predefined technical criteria, verified by a Recognized Guarantor of the Environment (RGE) professional. There is no income ceiling for this general grant, with the amount varying depending on the type of work done and the impact on energy efficiency.

7. Grants for Low-Income Households

In addition to the universal Energy Grant, specific grants target low-income households. The amount varies depending on the location of the residence and income ceilings, with distribution managed by independent organizations. To be eligible, households must allocate more than 10% of their income to paying energy bills.

Navigating the ever-evolving landscape of renewable energy, France's robust support for solar initiatives stands as a beacon for those seeking to adopt sustainable practices. From interest-free loans to tax exemptions, and various grants, the government's versatile approach creates an environment conducive to solar energy adoption. By leveraging these initiatives, individuals contribute not only to environmental preservation but also enjoy tangible financial benefits, making the transition to solar energy an economically viable and environmentally responsible choice in 2024. If you are interested in investing in solar energy, discover our online simulator to get a detailed quote simply and independently. Plus, at I’M Solar, delivery is free.