Energy Efficiency Tax Relief Extended [IE]

The SEAI (Sustainable Energy Authority of Ireland) is now widely publicising the ACA (Accelerated Capital Allowance) Scheme : the scheme allows for tax relief on capital expenditure which can be used to invest in sustainable energy efficient products.

Energy efficient equipment qualifying for the scheme

It is said that the advantages are that new energy efficient equipment will consume less energy, thereby reducing energy bills, and that where this equipment is registered with the SEAI it will qualify for the ACA scheme where the full cost of the eligible equipment can be deducted from taxable profits in the year of purchase rather than over a period of time.

économies d’énergie3

Up to 85% of a company equipment needs  could be sourced through ACA

The ACA scheme will run for a further 3 years from 2015 and applies to 10 major categories of equipment ”including lighting, heating, ventilation, refrigeration, catering, motors and information communications technology.”

It is said that approximately 85% of a company’s equipment needs can be sourced through the ACA scheme.

For more details please refer directly to the press release.

Red-on-line EHS Expert

Sources :

‘Accelerated Capital Allowance Tax Relief Extended for Three Years’ – Press Release published on the Sustainable Energy Authority Ireland website on the 28th January 2015.