Energy renovation has become a major issue for owners keen to reduce their environmental impact and their energy bills. In France, the State encourages this work through attractive financial schemes, such as tax credits. Obtaining an energy renovation credit of 40,000 euros is no easy feat, but it is a profitable investment in the long term. Here is an overview of the steps to follow to take advantage of this opportunity.
Understanding the energy renovation credit and the tax credit
Before starting the process, it is essential to understand what the energy renovation credit and the tax credit are. The energy renovation credit is a sum of money borrowed to carry out work to improve the energy performance of the home. The tax credit is a tax advantage that allows a portion of renovation expenses to be deducted from income tax.
Evaluate eligible work
Energy renovation work likely to qualify for a tax credit is clearly defined by the tax administration. It is therefore crucial to find out about the eligibility conditions before planning the renovations. Among the recognized works, we find thermal insulation, the replacement of obsolete heating systems with more eco-responsible solutions, and the installation of high energy performance windows.
Consult an advisor
Access to an energy renovation loan often begins with a consultation with a specialist advisor. This expert can come from a public service such as the Environment and Energy Management Agency (ADEME), or from a certified private structure. This professional will help identify the specific needs of the accommodation and propose adapted solutions.
Choose a bank or financing organization
Once the project is well defined, it is a matter of finding a bank or a financing organization offering energy renovation credit offers. Loan conditions, interest rates and related fees vary from one establishment to another. A careful comparison of offers is therefore recommended to find the best option.
Create the credit application file
Compiling the file is a key step. To qualify for an energy renovation credit, you will need to provide various supporting documents, such as detailed quotes for the planned work, proof of ownership of the home, identity documents, and sometimes proof of income.
Take advantage of the energy transition tax credit (CITE)
The energy transition tax credit (CITE) is a system that allows you to recover part of the expenses incurred for renovation work. In order to benefit from it, the work must be carried out by professionals recognized as guarantors of the environment (RGE). It is also necessary to keep all invoices attesting to expenses incurred.
Anticipate the release of funds
With any credit report, the time from application to release of funds can vary. In the case of an energy renovation loan, the ideal is to align the start of the work with the receipt of funds. Good coordination with the company in charge of the work is therefore essential.
Carry out work and monitor progress
Once funding has been obtained, work can begin. It is essential to monitor the progress of renovations and maintain constant dialogue with service providers to ensure deadlines are met and the quality of the work carried out.
Declare the work to benefit from the tax credit
After the work is completed, it will be time to declare the expenses incurred to the tax authorities to benefit from the tax credit. This process is usually done during the annual income tax return, where you will need to mention the amounts invested and provide any necessary supporting documents.
Consider additional support
In addition to the tax credit, other financial assistance can be requested to reduce the cost of energy renovation work. Among them, we find the zero-interest eco-loan, subsidies from the ANAH (National Housing Agency), or even the various energy bonuses. An investigation of the different options can lead to substantial savings.
Tip for continuous improvement : the energy renovation of a home is a process that may require adjustments along the way. It is advisable to carry out regular energy assessments and to stay informed of regulatory developments and new aid available.
Ultimately, obtaining an energy renovation credit of 40,000 euros with tax credit is an ambitious but accessible project. It requires obtaining information, preparing a solid file, and interacting with competent professionals. Despite the sometimes complex journey, investing in energy renovation proves beneficial for both the wallet and the environment.
