Italian Regulations on Photovoltaic Systems
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Starting from 2024, with a deadline set for March 31, 2025 , the obligation to stipulate catastrophe insurance policies has come into force for companies that own tangible assets registered in the balance sheet. These assets include photovoltaic systems for instrumental use or intended for mere energy production .
This new regulation has a direct impact on all companies registered in the Companies Register , and represents an important update in terms of asset protection and risk prevention.
Who is the Obligation addressed to?
According to the legislation in force, the obligation concerns all companies that:
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They are registered in the Company Register , including commercial companies, professional partnerships (STP, STA), shops, restaurants and any other business with VAT number and capital assets registered in the balance sheet.
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They hold tangible fixed assets pursuant to Article 2424 of the Civil Code, Assets section, item B-II, numbers 1), 2) and 3):
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1) Land and buildings
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2) Plants and machinery
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3) Industrial and commercial equipment
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Are Photovoltaic Systems Included in the Obligation?
Yes. Company photovoltaic systems are considered capital goods or production plants , and are included in the item "plant and machinery" of the balance sheet. Therefore, they are subject to the obligation of insurance against catastrophic events such as:
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Floods
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Earthquakes
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Severe weather events
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Other extraordinary natural phenomena
This applies regardless of whether the system is owned, leased, on loan for use or rented.
Who is Exempt?
The following are not subject to the obligation:
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Agricultural businesses (art. 2135 cc), which fall under a separate regulation linked to the National Mutual Fund for Weather-Climatic Damage.
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Individual professionals not registered in the Company Register , even if they have an associated firm.
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Businesses with properties burdened by building violations or urban planning irregularities .
What are the risks without insurance?
Companies that do not comply by 31 March 2025 risk being excluded from public incentives and contributions , including:
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Tax breaks for energy efficiency
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Incentives for renewables
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Public credit guarantees , such as the Guarantee Fund for SMEs
This is therefore an essential requirement to continue to benefit from government measures and access new investment opportunities .
Why is it Important for Solar Companies?
The obligation represents an important change for all companies that have installed photovoltaic systems such as:
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Capital goods for self-consumption of energy
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Systems intended for the sale of energy on the grid
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Structures integrated into industrial or commercial production
In the current context, where energy security is strategic, protecting the plant from catastrophic events is not only a regulatory obligation but also a common sense economic choice .
Specific Obligations in Summary:
| Type of Good | Catastrophe Insurance Obligation | It falls within Art. 2424 of the Civil Code. |
|---|---|---|
| Land and Buildings | Yes | Yes |
| Photovoltaic Systems | Yes | Yes (Plants and machinery) |
| Industrial Equipment | Yes | Yes |
| Vehicles registered with the PRA | No | No |
| Leasing/Loan facilities | Yes | Yes |
FAQ – Frequently Asked Questions
Do corporate photovoltaic systems need to be insured against catastrophic events?
Yes, if they are recorded in the balance sheet as capital goods, plants or machinery.
Does the obligation also apply to leased or rented systems?
Yes, even if they are not owned, if used for business purposes they are subject to the obligation.
What happens if the company does not comply by March 31, 2025?
You may lose access to grants, public incentives and credit guarantees.
Do farms have to insure?
No, they follow separate legislation linked to the National Mutual Fund.
Conclusion
Catastrophic event insurance for corporate photovoltaic systems is no longer a choice, but an obligation under current legislation. Companies that do not comply by March 31, 2025 risk losing important opportunities to access credit and public incentives .
For those who have invested in solar energy as a productive asset, protecting their system today is a necessary condition for the continuity and sustainability of the business .
For those who have invested in solar energy as a productive asset, protecting their system today is a necessary condition for the continuity and sustainability of the business .
