Your road to Net Zero
With our renewable technologies report, we can show you how to reduce your carbon footprint and electricity bills by up to 80% without any commitment or obligations. In order to get started on the road to Net-Zero, we only need a few basic pieces of information.
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Super Deduction Tax for Solar PV & EV Charging
Recently, Rishi Sunak, Secretary of the Treasury, presented plans to cut tax bills for corporations by offering a 'Super Deduction'. From April 2021, companies can claim up to 130% of their Capital Allowances back from the Government, for qualifying investments. The list includes both Solar PV panels as well as EV Charge Points.
A new 130% first-year capital allowance for qualifying plant and machinery assets; and a 50% first-year allowance for qualifying special rate assets.
Under the scheme, for every pound invested, the company can save up to 25p on taxes. This kind of saving is hoped to be a win-win, as companies save whilst improving their business. The list of qualifying items is presented below:
- Solar panels
- Electric vehicle charge points
- Computer equipment and servers
- Tractors, lorries, vans
- Ladders, drills, cranes
- Office chairs and desks
- Refrigeration units
- Foundry equipment
To learn more about the scheme, click here: www.gov.uk/guidance/super-deduction
Workplace Charging Scheme (WCS)
Charging in the workplace, these include a new revenue stream for the business, improve employee satisfaction, and develop the company’s image.
The government has offered unprecedented support for businesses during Covid. Even so, pandemic-related economic shocks and the accompanying uncertainty have chilled business investment. This super-deduction will encourage firms to invest in productivity-enhancing plant and machinery assets that will help them grow, and to make those investments now.
The Workplace Charging Scheme (WCS) is a voucher-based Government program developed to support businesses transitioning to electric vehicles.
Find out some of the key information for the scheme below:
- Government contribution of 75% of purchase and installation costs.
- Up to £350 grant for each EV charging socket.
- Up to 40 sockets per company.
- Chargers must have speeds from 3.5kW to 22kW.
- Reduces Installation time cost by up to £14,000.
Furthermore, there are many benefits to installing electric vehicle.
Solar PV Example
Size of System
EXPORT REVENUE (£0.05 kWh)
Potential Annual Savings
Lifetime Carbon Saving