Expansion of Irish ACA Scheme to Encourage Purchase of Energy Efficient Equipment

Sustainable Energy Ireland (SEI) has announced details of four new categories to come under the Accelerated Capital Allowance (ACA).

The scheme encourages businesses to purchase energy efficient equipment by allowing them to write-off the entire cost of the purchase for one year against taxable income.

The new equipment categories include -
Information & Communications Technology (ICT)
Heating and Electricity Provision
Process and Heating, Ventilation and Air-conditioning (HVAC) Control Systems - and
Electric and Alternative Fuel Vehicles.

The announcement of the expansion of the scheme was made by SEI at the 2nd day of the Energy Show at the RDS in Dublin. Submissions from manufacturers and suppliers of products in these new categories are now invited and can be submitted to SEI via its website (Click Here) for inclusion in the list of qualifying equipment.

Brian Motherway, Head of Industry, SEI said - “There are now more than 4,000 products qualifying for these tax incentives and today’s announcement will see this number increase in the coming months. In these difficult times, the savings available through purchasing more energy efficient equipment are very important and these new tax incentives will make the cost of such equipment more affordable. We also welcome the inclusion of electric and alternative fuel vehicles, which is a strong signal of Ireland’s intent to be a global leader in this area.”

Under the ACA, a company with €100,000 profit purchasing capital equipment worth €20,000, will save €2,500 on its tax bill.

Existing ACA categories include -
Motors & Drives
Lighting
Building Energy Management Systems (BEMS).

For full details of the new ACA equipment categories and the Energy Efficient Transport Guide -
Click Here