Energy Efficiency Loans The Carbon Trust offers interest free loans to small and medium sized enterprises in England, Wales and Northern Ireland (there is a similar scheme in Scotland administered by Loan Action Scotland). Qualifying organisations can borrow from £5000 to £100,000 unsecured and interest free (or up to £250,000 in Northern Ireland) for energy saving projects. For more information visit the Loans section of the Carbon Trust website.
The Enhanced Capital Allowance (ECA) scheme provides 100% first-year allowances for spending on qualifying investments in energy efficient equipment. You claim the allowance on your income tax or corporation tax return to reduce your business’ taxable profit by the full cost of spending in the year the investment is made. The scheme boosts cash flow and shortens the payback period.
More information about ECAs is available on the Carbon Trust website. You can also visit the ECA Website to check which equipment is eligible on the Energy Technology List (ETL).Next: Define needsBack to: Business case