Enhanced Capital Allowances (ECA’s)
What is it?
ECA’s allow a business to claim 100% first-year capital allowances on their spending on “qualifying” plant and machinery.
Who does it affect?
Businesses wishing to invest in energy saving initiatives.
Details?
Businesses can write off the whole of the capital cost of their investment in these technologies against their taxable profits of the period during which they made the investment.
This can delivery a helpful cash flow boost and shortened payback period on technologies such as:
- Air to energy recovery
- Automatic monitoring and targeting
- HVAC zone controls
- Lighting
- Motors
- VSD’s