After the recent announcement from the Government of the increase in the tax free allowance for energy efficiency investments, there has never been a better time to look at Inverter retrofits to reduce your energy consumption.
A recent article from Gambica the Trade Association for Instrumentation, Control, Automation and Laboratory Technology in the UK featured in February 2013 issue of Drive and Controls Steve Brambley the deputy director explains:
“Under the previous tax rules, businesses could claim certain investments up to a value of £25,000 per year as an annual investment allowance. This has now been raised to £250,000. In effect, the business would not pay tax on this amount, so at a corporation tax rate of 24% this is worth an additional £60,000 on the bottom line”
Tax Free Allowance for Energy Efficiency Investments
Mr Brambley goes on to say:
“Businesses can claim 100% of the allowance in the first year, which offers a large cashflow advantage over standard allowances. However, like all good things, there are limits. The scheme will only run for two years from January 1, 2013, so the investment needs to be made sooner rather than later if it is to qualify.”
With this kind of government support for qualifying energy efficiency measures we can see it is going to be a busy couple of years for IDS.
You can find out how retrofit inverters (variable speed drives) will reduce your energy consumption and the associated costs by visiting our case studies.
Call 0115 944 1036 and talk to one of our engineers, we will find out if you are eligible for a free energy survey and book a convenient time to visit you
*You can read the full article on the Drives and Control website here