01 4975859 ​​[email protected]
Ryan & Crowley Chartered Accountants
  • Home
  • Services
  • Clients
  • Budget 2024
  • Latest News
  • Contact
  • Business to Business

    Providing Step by Step Guidance

    Get in touch for your free consulation today

    Contact Us
  • Diversity

    Hands On, Client focused approach

    Get in touch for your free consulation today

    Contact Us
  • Over 30 Years Experience

    Insight into all aspects and types of business

    Get in touch for your free consulation today

    Contact Us

Steps to becoming an Energy Efficient SME

24/9/2019

0 Comments

 
As the Irish economy continues to grow, so too does the energy requirements of SMEs and the agricultural sector throughout the country. Ireland is transitioning to a low carbon economy in an effort to meet both Government and international targets and to reduce the economy’s dependence

According to the Sustainable Energy Authority of Ireland (SEAI) the scale of these challenges is significant, and it will require a coordinated interplay of technology, infrastructure and actions by organisations and individuals to shape Ireland’s energy future. For the past number of years, SEAI has been supporting Irish businesses, large and small, as well as the Irish agricultural industry, to shift to more sustainable energy use by providing a range of support services. This includes mentoring, training, standards development and a number of financial supports to help companies to become more energy efficient, deliver measurable savings and reduce their energy bills. There are six main grants available from SEAI that would be of great interest to SME’s and the agricultural sector.
Three of these grants are now closed for 2019 so it is the perfect time to do your research ahead of the 2020 round of applications. These three include:
  • The SME Lighting Support Scheme
  • The Dairy Farm Grant
  • The Communities Grant Scheme.
The remaining three grants are outlined here

1. RENEWABLE HEATING
Sustainable biomass fuel is organic material used to generate low cost renewable energy that can supply heat for your business. Biomass fuel is transferred to a boiler where it is burnt to produce heat, most commonly for heating and hot water. Biomass heating tends to be most suitable for:
  • Sites that have regular heating requirements throughout the year. For example: hotels, leisure centres, healthcare facilities and food processing locations.
  • Large sites. A biomass heating system often needs more space than an oil or gas alternative.

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. SEAI have been appointed by the Department of Communications, Climate Action and Environment, as the administrator for the Support Scheme for Renewable Heat.

Applicants must be able to demonstrate that:
  • Proposed heat use is eligible and adheres to verified energy efficiency criteria
  • Heat generating technologies and project installations comply with Building Regulations, Construction Products Regulations, EN Standards, efficiency, technology standards and air quality standards in relation to emissions
  • Designers and Installers are competent to carry out works
  • Recipients of payments meet tax clearance requirements

​The installation grant provides funding of up to 30% of eligible costs, to successful applicants.

2. EXEED CERTIFICATION
The Excellence in Energy Efficiency Design (EXEED) grant scheme is designed for organisations who are planning an energy investment project. EXEED enables organisations establish a systematic approach to design, construction, and commissioning processes for new investments and upgrades to existing assets. The EXEED Certified program aims to influence and deliver new best practices in energy efficient design management. EXEED designs, verifies, and manages optimum energy performance and management at the earliest stages of the lifecycle. The EXEED Grant Scheme provides grant support of up to €500,000 per year. They are now accepting grant applications for 2019. EXEED is applicable to any sector, any organisation and any project. Projects can be of any scale or complexity, for example:
  • Public and private sector
  • New design projects
  • Major energy upgrades of existing buildings and assets

3. TAX INCENTIVES AND FINANCING
Want to reduce your tax bill and your energy costs? Accelerated Capital Allowance is a tax incentive encouraging investment in energy saving technology. The Accelerated Capital Allowance (ACA) is a tax incentive scheme that promotes investment in energy efficient products & equipment. The ACA is based on the longstanding ‘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 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.

For cars coming under the category “Electric and Alternative Fuel Vehicles” the accelerated allowance is based on the lower of the actual cost of the vehicle or €24,000.
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Archives

    June 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    July 2019
    June 2019
    May 2019
    April 2018
    March 2018
    December 2017
    July 2017
    May 2017
    April 2017
    March 2017
    February 2017
    October 2016

    Categories

    All
    Brexit
    Budget
    Business
    Company Law
    Covid 19
    Covid-19
    Customs
    Employment Law
    Energy Efficiency
    Export
    Finance
    Foreign Exchange
    Franchising
    Legal
    Offshore
    Revenue
    Tax
    VAT
    Working From Home

    RSS Feed

Picture
We create custom business to business strategies.

Over 30 years of experience
Privacy Policy | Cookie Policy

SITE MAP

About Us

Our Services

News

Budget 2019

Contact Us




CONTACT DETAILS

  • Unit 3A, Block 3,
    Bracken Business Pk, D18V4K6

  • 01 4975859
  • 01 4977782
  • [email protected]
  • ryanandcrowley.com

    QUICK CONTACT

Submit
© 2025 Ryan & Crowley Chartered Accountants
Proudly powered by Weebly