1 April 2015
Waste heat energy recovery technology will now be included in the Enhanced Capital Allowance (ECA) scheme for energy-changing technologies, affecting financial support for businesses.
The addition is part of a series of changes to legislation announced as part of the UK Government Budget 2015 last month, based upon recommendations made by the Carbon Trust.
Changes to the technical criteria and qualifying thresholds for products such as packaged chillers, air to water heat pumps and refrigerated display cabinets have also been made.
The Energy Technology List (ETL) details products that qualify for the ECA scheme, allowing companies to set 100 per cent of the cost of the assets against taxable profits in a single tax year.
Paul Huggins, associate director for technology programmes at the Carbon Trust, said: "We are delighted to see these changes approved by government. They ensure that the ETL remains the foremost and largest list of commercial and industrial energy-saving products available in the UK.
"The ETL helps businesses identify best-in-class products and gives them confidence that claimed energy savings can be achieved. Purchasing ETL listed products enables customers to claim enhanced capital allowances and can also help them achieve SKA or BREEAM environmental impact certification."
Full information on the changes is available here.