When energy is shared we all save

Yes. The regulation allows several consumers to share energy produced by a renewable self-consumption installation.

Yes, to be able to distribute the energy produced by the shared installation among the associated consumers, we need to measure the energy produced. We also need to know how to share this energy between the consumers. This is why, when the installation is legalised, consumers must report their percentage shares, which will be used to apportion the energy produced. These percentage shares must add up to 100% to enable us to assign the energy produced.

In order for the electricity retailer to be able to issue a bill, the distribution company (responsible for meter reading) will apportion the energy produced on an hourly basis among the associated customers according to their percentage shares. The hourly energy use to be billed to a consumer is the difference between the meter reading at that time less the corresponding part of the energy generated by the shared installation.

Simplified surplus offsetting involves the value of the energy you feed into the grid being calculated by your electricity supplier and the resulting value being discounted from the energy section of your bill.

Shared installations can also benefit from simplified surplus offsetting. These surpluses will not go to your neighbour, and you will use your share of the energy produced even though you might not be at home when it is produced.

The maximum amount offset will be the cost of energy billed monthly.

The agreement is made with the Co-Ownership Association, whose tax number (NIF) appears on the agreement. The Co-Ownership Association is responsible for managing participants' contributions and the installation maintenance costs.

The participants come to an agreement regarding how they apportion the energy generated to cover shared requirements and private homes. Installation and maintenance costs are divided up accordingly in the same proportion.

A signed energy apportionment agreement, signed by all the participants, is required to legalise the installation. But don't worry. We will take care of all the formalities.

Yes. These are available from a number of sources and they differ from municipality to municipality:
  - Municipal discounts on Property Tax (IBI) and the Tax on Construction, Installations and Building Works (ICIO) for self-consumption installations.
  - Tax deductions for investing in renewable energies.
  - Regional and state subsidies for using photovoltaic self-consumption technology.
Smart Solar Iberdrola will be delighted to provide information about all the possibilities where you live. Register and apply before 5 December 2023.

To ease the initial outlay, Iberdrola has agreements with banks that will give you ten years to pay for your installation. That means you can pay for your installation while you save on your bills.