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Service & Maintenance |
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Tax incentives for air conditioning installations
Enhanced Capital Allowance (ECA)
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 as 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.
Further details can be obtained from the ECA and Carbon Trust websites.
Annual Investment Allowance (AIA)
The Annual Investment Allowance (AIA) offers 100% tax breaks (equal to ECA) available for most new equipment investments up to £50,000 a year and the purchases do not need to be based on the ETL.
The AIA is effectively a 100% first-year allowance for business expenditure on almost all plant and machinery (apart from cars) capped at £50,000 a year. It is available to businesses regardless of their size or legal form and applies to expenditure incurred on or after 1st April 2008 (for Capital tax) or 6th April 2008 (for income tax).
For further information please click here
Interest Free Energy-Efficiency Loans
The
energy-efficiency loans from the Carbon Trust are a
cost effective way to replace or upgrade your old
wasteful existing equipment with a more energy
efficient system.
Small or medium-sized enterprises (SMEs) that meet the
qualify criteria could borrow from £3,000 to
£500,000 depending on the amount and type of energy
saved. It is government funded, unsecured and interest
free.
The loan scheme is designed so that anticipated
energy savings offset the repayments of the loan,
which means the equipment should pay for itself and
you should continue to make savings year on
year.
Applying
is straight forward - further details can be obtained from
the Carbon
Trust
website.
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