ENERGY EFFICIENCY

Enhanced Capital Allowances

and Tax Relief

Becoming Energy Efficient

Although we are becoming increasingly energy efficient in our homes when it comes to businesses being energy efficient it is not always top given the same priority but with:-

• rising fuel prices• financial penalties for being less friendly to the environment

Now is the time to take your company to a new energy efficient level.

Start Small Think Big

The Carbon Trust published a report ‘Building the Future Today’ in December 2009, which looked at some of the main challenges that we have to address in our aim to reduce our carbon emissions. The report list a number of behavioral changes that would need to be considered if the UK was to be close to reducing CO2 emissions by at least 80% by 2050.

The report goes onto mention that all cost effective energy efficiency measures are adopted across all non domestic buildings by 2020. These include the low cost measures and fairly easy to adopt changes such as lighting and heating controls and/or better energy management. To see the full Carbon Trust Report

Get Energy Cost Into The Boardroom

Although energy hasn’t always been top concerns for the boardroom – as costs continue to increase it is an important consideration looking at where investment can be more energy efficient and fall under the CRC Energy Efficiency Scheme.

Consult the Carbon Trust

For businesses who spend over £50,000 a year on energy, the Carbon Trust will provide a free onsite surveys, conducted by an accredited expert. The surveyor looks at energy consumption and helps identify ways to cut energy consumption and provide ongoing support so savings become reality. Carbon Trust’s Carbon Surveys

In With The New,Out With The Old

It can sometimes be false economy to think that using old inefficient equipment is cheaper than replacing it. Look at how efficient new equipment is and compare with what you are currently using to see if there is any potential benefit to updating your equipment.

Consider Enhanced Capital Allowances Early

A lot of our clients are taking the opportunity of a quieter market to take a fresh look at how they specify and procure the mechanical and electrical services. A key driver behind this is the post tax saving and the cash flow advantage of installing equipment qualifying for ECAS.

For more tips on how you can be more energy efficient as a business visit Banking Tax and Finance