One of the most important energy redevelopment operations promoted in Italy is underway. The banking group led by Carlo Messina and Comat Servizi Energetici (CSE) have signed a collaboration agreement to offer the possibility to 2.500 Italians di go green thanks to the Superbonus 110%. This will make it possible to reduce 2.600 tons of emissions a year, equal to the absorption of 260 tall trees.
CSE – a company owned by Fondo Italiano per l'Efficienza Energetica SGR Spa and by Comat Spa – has already started the works for an amount over 100 million euros, of which the Bank will acquire the corresponding tax credit.
The whole community will benefit from the investment, in terms of reducing the environmental impact. Furthermore, the estimation of the economic benefits in terms of savings on your bill is 1,3 million euros annually (150 million in 10 years if we consider the increase in fuel). This is an average of 450 euros per family, to which is added approximately 30% of real estate revaluation, equal to 110 million euros.
The substantial operation is inspired by the Relaunch Decree, which introduced the possibility of carrying out a radical redevelopment of the buildings, bringing 110% of the investments made into a tax deduction.
The first tranche of interventions will involve 100 condominiums for a total of approx 3.000 housing units in Piedmont, Liguria and Lombardy. Approximately 80% of properties will move from GE energy class to BA
The energy requalification of buildings can strongly contribute to the revitalization of the real estate market. In Italy, 74% of residential buildings were built before 1980, when the first rules on energy efficiency were not yet in force. The Lombardy figure is slightly lower than the Italian average (about 73%), while Liguria and Piedmont appear to be the Italian regions with the highest share of properties built before 1980, respectively 87% and 83%. Florence is the Italian city with the highest share of buildings built before 1980, the second Geneva (97,3%); the city of Turin is in third place, with a share of historic properties of 93,2%. Even the capital of Lombardy has a high share of old properties: 92% (Data processed by the Studies and Research Department of Intesa Sanpaolo).
The banking group is experiencing broad interest from both businesses and citizens, who through the service offered can "monetise" their credits without having to wait years, to the benefit of the entire economic system.
The Bank intervenes in three ways: with the transfer of the tax credit; possible bridging loan for the start-up and management of construction sites subject to the transfer of the tax credit; optional and free service from Deloitte that follows the customer in obtaining the compliance visa and in the management of the tax drawer.
“Through the financial support of ISP we are now able to considerably accelerate the process of abatement of CO2 – declared Eng. Federico Augusti, Chief Executive Officer of Comat Servizi Energetici – guaranteeing the reduction of costs in our customers' bills with the Energy Plus Service, which provides, in addition to the plant and building redevelopment, a guarantee of energy performance up to 15 years. The ISP-CSE agreement is a concrete example of finance for the benefit of the local area and the environment”.
"We are particularly pleased to have kicked off one of the most important energy redevelopment operations promoted in Italy - underlined Teresio Testa, Regional Director of Piedmont, Valle d'Aosta and Liguria of Intesa Sanpaolo -. Our Bank has been working for some time with a view to green conversion of the country and of production activities, for which we have allocated a total of 50 billion euros".
