Policy status:In Force
Date Effective:2008
Policy Type:Economic Instruments>Market-based instruments>White certificates, Economic Instruments>Fiscal/financial incentives>Tax relief
Policy Target:Energy Sector>Energy Efficiency / Demand Reduction, Appliances
Agency:Sustainable Energy Authority Ireland
Legal References:Section 46 Finance Act 2008 and Section 37 of Finance (no. 2) Act 2008
Description:As part of its Budget 2008, the Irish government initiated a tax incentive scheme enabling companies to write off 100% of the cost of designated energy efficient equipment against corporation tax in the year of purchase. Companies claim the tax relief in their corporation tax returns. The scheme covers 29 classes of technology. Suppliers of products meeting published energy efficiency criteria can apply to Sustainable Energy Ireland (SEI) to have their products listed in regulations and on the SEI ACA scheme database as eligible for this tax relief.

Last modified: Thu, 19 Jul 2012 11:33:54 CEST