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How to benefit from the tax credit for the energy transition?

In order to encourage households to undertake energy saving work in their homes, the government has just decided to extend the energy transition tax credit.

Lite Lender, a support system for the energy transition

Lite Lender, a support system for the energy transition

Thanks to the Lite Lender, households can obtain a tax reduction of 30% when they carry out energy renovation works or install equipment intended to improve the energy performance of their homes.

This tax relief concerns a very specific list of works: the installation or replacement of heating systems, insulation work on walls and roofing , as well as the installation of energy production equipment using renewable energies .

Eligibility conditions for the tax credit

Eligibility conditions for the tax credit

In addition to the nature of the work, eligibility for Lite Lender is subject to certain conditions . The applicant can be a tenant or owner of the property concerned. The construction must also have been completed more than two years ago, and be occupied as a main residence.

A ceiling for the amount of expenditure relating to the works has been established: it amounts to 8,000 USD and 16,000 USD respectively for a single person and for a couple . Finally, the work must be entrusted to a RGE company or craftsman (Recognized Guarantor of the Environment).

Eligibility conditions for the tax credit

Eligibility conditions for the tax credit

Despite this tax deduction, the cost of an energy renovation project is significant. For some households, the essential work may then unbalance the budget.

In this case, grouping credits is a solution so as not to affect your personal finances too much.

This operation consists of having its outstanding debts grouped by a single financial institution. The latter balances all the remaining installments still due to the old creditors and establishes a new loan contract . Thanks to a longer repayment term and a more competitive interest rate (especially in the context of current low rates), the monthly payment immediately decreases. In return for this adjustment of maturities, this new longer loan has a higher overall cost.

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