Solutions for Businesses
Energy efficiency should be a priority for all businesses trying to reduce their energy costs and environmental impacts. Whilst it is possible for businesses to save money at the same time as helping the environment, it is important to identify exactly where savings can be made and what type of renewable technology would be best suited to your business. There are a number of options you can choose from:
The Carbon Trust
The Carbon Trust can finance installations of a renewable energy system. Carbon Trust Implementation Services are offering financing options to all types of organisations, who
have been trading for more than 36 months and are seeking to reduce their own energy use. The financing option is designed to pay for itself with the anticipated energy savings you will make.
Enhanced Capital Allowances
All investments in renewable energy for your business are fully tax allowable. In addition, it may be possible to use Enhanced Capital Allowances (ECAs) which are a straightforward way for a business to improve its cash flow through accelerated tax relief. The ECA scheme for energy-saving technologies encourages businesses to invest in energy-saving plant or machinery specified on the Energy Technology List (ETL) which is managed by the Carbon Trust on behalf of the Government.
The ECA scheme provides businesses with 100% first year tax relief on their qualifying capital expenditure. The ETL specifies the energy-saving technologies that are included in the ECA scheme. The scheme allows businesses to write off the whole cost of the equipment against taxable profits in the year of purchase. This can provide a cash flow boost and an incentive to invest in energy-saving equipment which normally carries a price premium when compared to less efficient alternatives.
Contact AES today for more information and to discuss your options.