Energy Investment Allowance (EIA) for business owners

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Are you investing in a business asset that reduces CO2 emissions, is energy-efficient, or do you wish to invest in renewable energy? If so, make use of the Energy Investment Allowance (EIA). You can then deduct 40% of the investment costs from your profit. This reduces your taxable profit. On average, this gives you a 10% benefit. In addition, you benefit from the usual depreciation on your investment as well as a lower energy bill.

Who is it for?

The EIA is available to all businesses subject to income tax or corporation tax. Government organisations, foundations or associations can also make use of the EIA if they pay corporation tax. The scheme is not available to private individuals.

Will you be using or generating more electricity as a result of becoming more sustainable? If so, before applying for the EIA, check whether your region is affected by an overloaded electricity grid (grid congestion).

Check whether your investment is on the Energy List

You can apply for EIA for investments listed on the Energy List. The code description of the investment on the Energy List sets out the requirements and conditions your investment must meet. Check whether your investment is on the Energy List using the online search tool.

Search the Energy List online

Would you like more information about the Energy List? For example, about how the list is structured into specific themes and categories? Or the codes? 

View general information about the Energy List.

Submit a proposal for the Energy List

We update the Energy List every year with your help. You can submit a proposal for a new asset. 

Find out what your proposal should include and how we assess it.

Are you eligible for tax relief?

One of the key conditions of the EIA is that your investment meets the description under one of the codes in the Energy List. There are other conditions as well. We have listed these for you. 

View all conditions.

Applications

Would you like to apply for the EIA? The timeline below shows how the process works. Please note: always use the Energy List for the year in which you make the investment. This is the date on which you place the order or sign the purchase agreement.

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Further information & enquiries