CARBON TRUST – ENHANCED CAPITAL ALLOWANCE SCHEME (ECA)
The Carbon Trust was set up by Government in 2001 as an independent company. Their mission is to accelerate the move to a low carbon economy by working with organisations to reduce carbon emissions and develop commercial low carbon technologies.
Many industrial processes use large volumes of process cooling water which is generated by high power consuming refrigeration based cooling devises. The Carbon trust encourages such processing companies to look to methods of reducing power consumption, lowering the impact on their carbon footprint.
ENERGY TECHNOLOGY LIST – ECA SCHEME
Companies that invest in higher efficiency equipment from manufacturers/suppliers registered on the Carbon Trust’s Energy Technology List (ETL) can benefit from tax break incentives such as the Carbon Trusts’
Enhanced Capital Allowance Scheme (ECA).
100 per cent first-year Enhanced Capital Allowances (ECA) allow the full cost of an investment in designated energy-saving plant and machinery to be “written off” against the taxable profits of the period in which the investment is made. The normal (general) rate of capital allowances for spending on plant and machinery is 20% per annum on the reducing balance basis.
Celsius offer a range of Air Blast Coolers registered on the Carbon Trusts’ ETL, that when utilised as pre-cooling devices within chilled water cooling systems qualify for the tax incentives detailed.
INTEREST-FREE LOANS (for energy saving businesses)
Through the Carbon Trust, interest-free loans of £5,000 up to £100,000 for energy-saving investments can be arranged. For more information, please visit their website below.
Non profit making organisation dedicated to reducing carbon emissions
ENHANCED CAPITAL ALLOWANCE SCHEME
Government scheme enabling energy-efficient businesses to reduce corporation tax liability