Concern about global warming has prompted world leaders to introduce various initiatives to encourage business to invest in energy efficient equipment. Our Government has taken this a step further by specifically taxing carbon fuels to discourage use but at the same time introducing increased tax allowances for people investing in energy efficient products. Harry Taylor takes environmental issues very seriously - please see our Environmental Policy. We also actively promote products that will give greatest benefit to our customers.
The Carbon Trust - is an independent organisation funded by the Government to manage various initiatives to help encourage businesses and the Public Sector to reduce their Carbon Footprint by investing in low carbon Technologies. Using tax receipts from the climate change levy applied to electricity invoices – the Carbon Trust have developed schemes to help businesses – particularly small and medium sized (SME’s) to fund energy saving investment.
ECA Scheme - Most heating products that we specify and install are registered on the Energy Technology List. This is a Government sponsored scheme of qualifying technologies managed by the Carbon Trust. For any product registered on this scheme you will be able to write off the whole of your investment against your Corporation Tax liability in the year of purchase. This could lead to quite a saving. For more information please refer to the Carbon Trust Website.
Carbon Trust loans:
The Carbon Trust can also provide interest free loans for qualifying SME’s investing in low carbon technology. Loans from £3K to£400K are available and these are calculated based on the reduction in the Carbon produced by a system relative to existing systems or other technologies. It is possible for the full value of a system to be funded by one of these loans if the Carbon savings are big enough.
Who qualifies? The eligibility criteria are:
Less than 250 employees
Turnover less than 40M Euros or assets less than 50M Euros
Is independent of and not owned by another organisation
Is in a sector other than Agriculture, Fisheries, or export related activities
Has been trading for more than 12 months
We have the experience of delivering solutions that qualify for these loans. Interested? Then contact us for help and guidance.