ACR-News

 

Mitsubishi offers ECA guidance

MITSUBISHI ELECTRIC has produced a guide to Enhanced Capital Allowance, the government's corporate benefits scheme aimed at encouraging green technology adoption.
ECA allows businesses to claim all of their tax allowances against energy efficient equipment in the first year after purchase, rather than spreading the allowance over several years. It can enable the cost of installation to be offset in the same way.

Mitsubishi's ECA guide details the benefits of ECA and how energy efficient equipment qualifies to be on the Energy Technology List. The guide accompanies a series of construction CPD accredited seminars.

A list of qualifying technologies includes refrigeration equipment, air to air energy recovery, compressed air equipment and heat pumps.

Any business that pays income tax or corporation tax is entitled to enhanced tax allowances against equipment on the Energy Technology List. Smaller businesses can benefit from interest-free loans of up to £100,000.

The ECA scheme is managed by the Carbon Trust in collaboration with the Department for Environment, Food and Rural Affairs (DEFRA) and the Inland Revenue.

Mitsubishi said the potential for expanding the list of qualifying technologies to incorporate more energy efficient equipment remains.

'If a manufacturer wishes to introduce a new technology for which no category currently exists, the new technology must offer significant carbon savings over existing equipment,' said commercial director Donald Daw.

'Proposals must include estimates of how much carbon could be saved if the product is used, including independent evidence.
'It has to be financially attractive with ECA eligibility, and show that the whole system performance - not just individual pieces of kit, can perform to make a substantial difference,' he said.

To download the guide go to mitsubishi-aircon.co.uk/

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

  01-Apr-2021

Samsung Climate Solutions celebrates a year in partnership with distributor Dynamic Climate

Samsung Climate Solutions and Dynamic Climate, a dedicated HVAC professional services business, began their partnership in early 2021 and have seen a fruitful year of growth and learning....

  10-May-2022

Sanhua welcomes Neil Panting as the new Sales Manager for the UK, Ireland & Scandinavia.

Neil is responsible for the wholesaler segment, providing wholesalers with both sales and technical support.
  18-May-2022
https://www.acr-news.com/mitsubishi-offers-eca-guidance-