Carbon Trust confirms changes to the Energy Technology List
Source: Carbon Trust
Changes to the Enhanced Capital Allowance (ECA) scheme for energy changing technologies have been announced as part of the UK Government’s Budget 2015.
Based upon evidence provided by the Carbon Trust and its partner Jacobs, the Government has stated that a number of technical and criteria changes will be made to the Energy Technology List (ETL).
The ETL details products which qualify for the ECA scheme, allowing companies to set 100% of the cost of the assets against taxable profits in a single tax year.
The ETL will be updated in the summer. Planned changes include:
- Introducing a new category of Waste Heat to Electricity technology that can be used to improve on-site energy savings. Use of this technology could, over a 5 year timeframe, support carbon savings of 42,000 tonnes of CO2 emissions and reduce on-site electricity consumption by 75GWh.
- Changing the qualifying thresholds for both High Efficiency Lighting Units and White Light Emitting Diode Units.