110% Superbonus: Sorgenia Green Solutions together with Intesa Sanpaolo for energy-related renovation

 

An agreement was entered into between the Sorgenia group company, specialised in energy efficiency solutions, and the Italy's leading bank. Objective: to allow citizens to make the most of the tax advantages offered by the 110% Superbonus, simplifying the energy-related renovation of buildings.

 

Milan, 19 April 2021 - The ecological transition is also achieved through energy-related renovation works involving businesses, families and citizens throughout the national territory. Sorgenia Green Solutions has signed a partnership with Intesa Sanpaolo with the aim of supporting this virtuous process, thereby maximising the opportunities introduced by the 110% Superbonus. The ESCo of the Sorgenia group was indeed set up to provide services designed to facilitate the transition to an increasingly sustainable economy, through the use of renewables and digital resources.

The agreement makes it possible to transfer the tax credit to Intesa Sanpaolo, with the certainty of being guided by the ESCo during all stages of the process. Sorgenia Green Solutions will manage the entire work package - from the energy audit to the installation of the most suitable solutions - and will follow the entire financing process.

Andrea Chinellato, CEO of Sorgenia Green Solutions: “The 110% Superbonus represents a great opportunity for our customers: we wish to guide them along this virtuous path, making it as simple as possible. For us, this is an important market for which we set ourselves the target of double-digit growth”.

Mauro Micillo, Chief of Intesa Sanpaolo's IMI Corporate & Investment Banking Division: ''The agreement signed with Sorgenia Green Solutions will allow to support the real economy, facilitating sustainable and virtuous investments. This is an important transaction with a leading operator in the sector, which pays special attention to energy transition issues from an ESG perspective, in line with the strategic guidelines of the Intesa Sanpaolo Group for the country's sustainable development”.

According to the current Budget Law for 2021, the 110% Superbonus is valid until 30 June 2022*. The government is discussing an extension of the credit facility until the end of 2023. The Superbonus raises the deduction of expenses incurred for the home to 110% and can be requested for anti-seismic measures, for energy efficiency, the installation of photovoltaic systems in buildings, of charging stations and, in general, of infrastructure for electric vehicles. Special attention is paid to properties (except new buildings) subject to interventions aimed at improving thermal performance or reducing seismic risk. An opportunity that enables to increase the property value by taking advantage of the state aid equal to 110% of the expense.

*The deadline is set at 31 December 2022 for apartment buildings that have completed at least 60% of the works by June 2022. For former IACPs that have completed at least 60% of the works by 31 December 2022, the 110% Superbonus is also due for expenses incurred up to 30 June 2023.

Media Relations

Intesa Sanpaolo

Corporate & Investment Banking and Governance Areas

stampa@intesasanpaolo.com