Italian anguish over eco-efficiency incentives

Government in confusion over funding caps for energy efficient home improvements

The Italian government is in disarray over proposals to restrict a tax break scheme allowing homeowners that carry out energy efficient improvements to claim 55 per cent of the cost against tax.

The scheme currently has an unlimited budget and provides rebates to all eligible claimants.  But on Friday the government approved proposals from finance minister Giulio Tremonti to cap the scheme's budget at €82.7m for 2008, €185m for 2009 and €314.8m for 2010.  The caps are part of a package of measures to combat the financial crisis.

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