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The Business Case for Onsite Renewable Energy Generation

Chris Trigg highlights the latest electricity and gas price rises, the impact on business and a strategy to reduce demand for grid supplied energy to help manage and avoid these rising costs.

Companies can obtain relief against corporation tax through maximising capital allowances on capital expenditure. Not all capital assets qualify, where they do there are varying different levels of allowance ranging from an annual 8% writing down allowance for long-life assets (those with an expected economic life of 25 years or more) to enhanced capital allowances for energy-saving technologies included in the Government’s extensive Energy Technology List (ETL).