Energy Grants & Funding
Benefit from the Annual Investment Allowance and Green Loans for your energy efficiency projects
Annual investment allowance
The Annual Investment Allowance is a way to claim tax relief on many assets that your business will buy.
Effective from January 2019 and until 31st December 2020, the Annual Investment Allowance (AIA) will be temporarily increased from £200,000 to £1,000,000.
If your business buys a piece of equipment that qualifies for the annual investment allowance, you can deduct 100% of the cost of that asset from your business’s profit before you work out how much tax is due on that profit.
Investment in certain green technologies is eligible for enhanced capital allowances (ECA). These are in addition to the £1,000,000 allowance and, like the AIA, would be eligible for 100 per cent tax relief in the first year. (Terms & conditions apply).
SMARTech Energy Consultancy can help you to access flexible financing initiatives for your energy efficiency projects.
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