Greening of Business
Green for Micro: The objective of the Green for Micro programme – a new initiative from the Local Enterprise Offices – is to help prepare small businesses for the low carbon, more resource efficient economy of the future. This is a FREE programme, available to companies with up to ten employees. Developing a ‘greener’ policy can offer many benefits to your business, including increased cost savings, improved resource efficiency, reduced environmental footprint, opportunities for high and additional value on products and services, improved corporate image, and increased resilience to climate change impacts. Avail of advice and technical support covering topics such as resource efficiency, understanding your carbon footprint and implementing an environmental management system.
EXEED Grant Scheme: The EXEED grant scheme is designed for organisations who are planning an energy investment project. The EXEED standard encourages innovation in design projects to help future-proof the investment, by optimising energy performance, reducing operational energy costs and carbon emissions, improving competitiveness, and demonstrating commitment to sustainability, which could also bring a reputational boost. This scheme is open to all organisations planning an investment in an energy project. This includes new design projects and major renovation and major energy upgrades of existing buildings and assets. Grant support of up to €1,000,000 per project is available.
Accelerated Capital Allowance: The Accelerated Capital Allowance (ACA) is a tax incentive scheme that promotes investment in energy efficient products & equipment. The ACA is based on the long-standing ‘Wear and Tear Allowance’ for investment in capital plant and machinery, whereby capital depreciation can be compensated through a reduction in an organisation’s tax liability.
The ACA scheme allows a sole trader, farmer or company that pays corporation tax in Ireland to deduct the full cost of the equipment from their profits in the year of purchase. As a result, the reduction in tax paid by the organisation in that year is currently 12.5% of the value of capital expenditure. By contrast, the Wear and Tear Allowance provides the same tax reduction, but this is spread evenly over an eight-year period. All companies, sole traders, and farmers that operate and pay corporation tax in Ireland can avail of the ACA scheme.
Support Scheme for Renewable Heat: The Support Scheme for Renewable Heat is a government funded initiative designed to increase the energy generated from renewable sources in the heat sector. The scheme is open to commercial, industrial, agricultural, district heating, public sector and other non-domestic heat users. The scheme aims to bridge the gap between the installation and operating costs of renewable heating systems and the conventional fossil fuel alternatives, and incentivise the development and supply of renewable heat.