Why should businesses invest in renewable energy?
Very simple – to save money.
In 2001, the government introduced the enhanced capital allowances scheme to encourage businesses to invest in low carbon technologies.
In essence the scheme means that companies who invest in certain energy saving technologies can claim 100% of the cost against the profit for that year.
Capital allowance for plant and machinery is normally only 20% each year. So if you chose to buy an energy efficient heat pump instead of a conventional boiler you would save a considerable amount in tax. This could equate to over 30% of the value of the heat pump.
If you think this sounds like something you would be interested in we would suggest talking to your own accountant. You can also give us a call about an energy solution suitable for your business.