Enhanced Capital Allowances
Give
yourself a break – investing in energy-saving equipment does more than
just save your business money. It’s often more tax efficient.
Enhanced
Capital Allowances (ECAs) 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 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.
How can PrimoPrimus Help?
PrimoPrimus
provide a range of advice and services to help cut carbon emissions,
reduce costs and give your organisation a competitive edge.
PrimoPrimus will
carry out a survey of your site to assess the potential for energy
savings. Each survey is conducted by a consultant and
produces a practical action plan tailored to your organisation's needs.
Once you have requested a survey, an accredited independent consultant will visit your organisation and work with you to:
- Review your energy usage
- Identify energy-saving opportunities
- Define practical ‘next steps’
- Assist with practical implementation support
Some
recommendations will involve no capital outlay whatsoever. Where
capital expenditure is necessary, our consultant will work with you to
calculate the payback period.
It is also possible for us to measure your organisation’s carbon footprint and produce the details within a report.