Grants & Loans
Whilst there is a truly mind boggling amount of legislation binding us to energy reduction, the good news is that there are almost as many grants and tax free loans available as there are laws, bills and acts. The following four loans and grants effectively mean you cna invest in all your energy efficient technologies for free! Read on to see how.
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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, as listed under the ECA scheme.
Who does it affect?
Businesses wishing to invest in energy saving initiatives.
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0% Business Loans
What is it?
0% business loans of £3000-£10,000 are available through the Carbon Trust to help organisations finance and invest in energy saving products
Who does it affect?
Businesses wishing to invest in energy saving initiatives but wanting to offset the loan payments against projected energy savings.
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Energy Grant 500
What is it?
The scheme is a South East England Development Agency (SEEDA) funded programme offering grants of up to £500, to reduce energy costs.
Who does it affect?
SME’s in the South East, with an annual energy spend between £1500 and £30,000.
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Feed In-Tariff
What is it?
From 1st April organisations and businesses in England, Wales and Scotland can claim cash back for electricity they produce from eligible renewable and low-carbon sources.
Who does it affect?
SME’s in the South East, with an annual energy spend between £1500 and £30,000.
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