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Incentives to Help Your Business Save Money on your Energy BillsYou've probably seen the adverts about businesses and energy efficiency. They usually concentrate on the environmental benefits - namely, if we use less energy, we pump less harmful gases into the environment. Obviously this is a worthy reason in itself. But, there are other motivations for businesses to monitor their energy usage and stop wastage - for instance, saving on bills.
Paying less on energy bills brings immediate savings to the bottom line. According to the Carbon Trust, a 20% saving in energy usage - realistically achievable by most businesses - can have the same positive effect as a 5% increase in sales. And, the bonus: because saving energy does lead to a healthier environment, there are government incentives to make investment in energy efficiency more attractive. money 100% Automated Real Business Residual Income All Internet XXXGuarantee Carbon Trust loans
The Carbon Trust is a non-for-profit company set up and funded by the government to help the UK meet its international climate change obligations. If you're a small or medium-sized enterprise based in England or Wales, you could borrow £5,000 to £100,000 unsecured and interest-free to fund upgrades in elements such as lighting, heating and insulation. In Northern Ireland, all businesses that have been trading for 12 months or more may be eligible for an unsecured, interest-free loan of up to £200,000. how to money A new homepage 100% powered by the users. Come take a peek. Enhanced Capital Allowances
The Enhanced Capital Allowance scheme makes investments in energy saving equipment more cost-efficient. Capital allowances on plant and machinery are usually set at 25% a year on a reducing balance basis. In comparison, Enhanced Capital Allowances allow businesses to write off 100% of the cost of energy saving equipment against their taxable profits within the first investment year. As a business, you can claim this allowance on income tax or corporation tax returns. Knowing more about the incentives the government is offering could mean your business saves up to a third on your initial investment into energy saving measures. It can also mean your payback periods are shorter - we've calculated that you could recover the investment cost in as little as 12 to 18 months. From there on in, your business reaps the rewards. The environment does too.
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