Reducing energy consumption and spend can make a significant difference to SME’s and businesses. Commercial Businesses and SME’s can reduce energy consumption by firstly evaluating where energy is being used – without knowing where your company uses its energy you cannot know how to start saving energy.
An energy bill review and energy audit should be completed, which will outline the current status of your energy consumption, your electrical and mechanical equipment & possible energy savings projects that can be completed, along with estimated savings and benefits of each measure.
There are also a number of grants available to SME’s and commercial businesses to assist in completing these projects. in addition to this, the Accelerated Capital Allowance (ACA) regime can also be utilised to promote business investment in energy efficient equipment.
The Accelerated Capital Allowance (ACA) is a tax incentive for companies paying Irish corporation tax who invest in new energy efficient equipment. The ACA allows companies to write off 100% of the purchase value of qualifying energy efficient equipment against their profit in the year of purchase. This compares to just 12.5% for ineligible plant and machinery. This scheme runs until 31st December 2020. Visit the ACA’s website for further information or contact us.