Air Conditioning Funding

Air conditioning Funding UK Governments’ Enhanced Capital Allowance Scheme (ECA) provides funding for air-conditioning systems. Air Conditioning funding includes funding for design, servicing and manufacturing air condition equipments. Funding also includes domestic air conditioning funding and commercial air conditioning funding.

Enhanced Capital Allowance scheme is a key part of the UK Government’s programme, to manage climate change. It is designed to encourage businesses to invest in energy-saving equipment. For the Government to reward businesses that invest in energy-saving equipment has introduced the ECA Scheme in 2001.

Air conditioning funding for ‘greener’ air-conditioning systems will benefit from ECA scheme, as it encourages energy saving. These ‘greener’ air-conditioning systems are more energy efficient, cost effective and environmentally friendly for planes, high-speed and underground trains and buildings.

ECA scheme provides a tax incentive to businesses that invest in equipment that meets ventilaciĆ³n industrial aguascalientes published energy-saving criteria. The Energy Technology List (ETL) details the criteria for each type of technology and lists those products in each category that meet the criteria. It is managed by the Carbon Trust, on behalf of the Government and has two parts, Energy Technology Criteria List (ETCL) and Energy Technology Product List (ETPL). All the products listed on the ETPL must meet the energy-saving criteria, published in the ETCL. Air condition funding comes under these lists, so it is eligible for ECA scheme.

The ECA scheme enables businesses to offset 100% of their capital expenditure against taxable profits within the same financial year the investment is made. This can deliver a helpful cash flow boost and a shortened payback period.

Enhanced Capital Allowance is not only awarded to the cost of the equipment being installed, but also to the costs associated with installing such technology. This means that the total project cost of installing qualifying systems inclusive of all associated labor and materials costs, becomes 100% tax deductible. Claims for ECA’s are made in the same way as other capital allowance claims i.e. the Corporation Tax Return for companies and the Income Tax Return for individuals and partnerships.

 

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