These solar installations represent a very attractive financial product since, in addition to offering a high level of profitability, the investor has nothing to worry about.

Cubierta Solar promotes roof-based solar installations for subsequent sale to private investors. We roll out turnkey projects, taking care of all the required arrangements involved in commissioning the installation. Our broad experience, both in Spain and Germany, enables us to guarantee the highest yield for our solar energy plants and generate the maximum level of profitability in return for our customers' investment.

The legal framework which governs solar installations is that for "electrical energy producers under special regime", currently regulated under Royal Decree 1578/20088. R.D. 1578/088 establishes a solar feed-in tariff and sets out the operating conditions for the sector.

• The solar feed-in tariff is established, quarterly quotas are fixed for the regulation of installations, and the Registry of Advance Allocation of installations is created.
• The electricity company is required to purchase all the solar energy connected to the grid which is produced under the established procedure.
• The solar tariff is flexible and updated quarterly depending on the number of requests received by the Registry or Advance Allocation of the Ministry for Industry.
• Roof-based solar installations start from an initial level of compensation of 0.32/0.34€/kWh, applied to roofs greater than and less than 20 kW respectively.
• The economic regime for installations coming under the Royal Decree 1578/08 runs for a period of 25 years guaranteed and is not subject to the retroactive impact of subsequent legislation.

Under this legal framework, the owner of a solar installation connected to the grid becomes an electrical energy producer under special regime, bills the electricity company and makes quarterly VAT/IGIC (General Indirect Canary Islands Tax) returns.