Air Conditioning Funding
Funding In a bid to offset the effects of climate change, the UK government introduced a scheme in 2001 to offer air conditioning funding for families that wanted to introduce air conditioning units into their homes and also for commercial enterprises that wanted to make working conditions better for their staff. Although very few people know about this initiative, it is still in place for everyone to take advantage of today if they so wish.
It is important to learn a little bit about air conditioning funding before you look into the possibility of applying for the funding itself. It is provided by the Enhanced Capital Allowance (ECA), which is there purposely to encourage businesses, both large and small, to invest in equipment that will save energy with continued use as well as money given the economics of running any business. Coping with climate change and providing employees with a comfortable working environment is a priority at the moment and so the ECA air conditioning funding is in place to encourage commercial enterprises to think and buy green!
Of course, the air conditioning funding only applies to equipment that is considered to be energy efficient, which excludes some of the older air condition models in circulation, but it does cover the installation, design and overall cost of the units.
The air conditioning funding comes in the form of tax break for businesses, although it is only available to those that ay income or corporation tax. As long as the air conditioners do meet a certain level of environmentally friendly energy saving then it is possible to save an awful lot as a result of installing these systems and applying for air conditioning funding from the government is just a start. For example, the total capital expenditure of any business can be used against taxable profits.
All of the above adds up to great deals for businesses as a result of air conditioning funding. It obviously pays to be more energy efficient as well as making the working environment a lot more bearable for employees year after year. It is a possibility that is worth looking into in the near future if you do want to save money and help reduce carbon emission at the same time!
It is important to learn a little bit about air conditioning funding before you look into the possibility of applying for the funding itself. It is provided by the Enhanced Capital Allowance (ECA), which is there purposely to encourage businesses, both large and small, to invest in equipment that will save energy with continued use as well as money given the economics of running any business. Coping with climate change and providing employees with a comfortable working environment is a priority at the moment and so the ECA air conditioning funding is in place to encourage commercial enterprises to think and buy green!
Of course, the air conditioning funding only applies to equipment that is considered to be energy efficient, which excludes some of the older air condition models in circulation, but it does cover the installation, design and overall cost of the units.
The air conditioning funding comes in the form of tax break for businesses, although it is only available to those that ay income or corporation tax. As long as the air conditioners do meet a certain level of environmentally friendly energy saving then it is possible to save an awful lot as a result of installing these systems and applying for air conditioning funding from the government is just a start. For example, the total capital expenditure of any business can be used against taxable profits.
All of the above adds up to great deals for businesses as a result of air conditioning funding. It obviously pays to be more energy efficient as well as making the working environment a lot more bearable for employees year after year. It is a possibility that is worth looking into in the near future if you do want to save money and help reduce carbon emission at the same time!
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