Irish company benefits from ACA

July 2010

The Accelerated Capital Allowance (ACA) scheme operated by the Sustainable Energy Authority of Ireland ( SEAI), allows companies to buy energy efficient equipment and write off its full cost against corporation tax in the year of purchase.

keepITsafe, one of Ireland's largest online backup companies, recently announced that it purchased E80,000 of energy efficient servers and reduced their annual data centre running costs by 30%.

Commenting at the announcement, Energy Minister Eamon Ryan TD said: � keepITsafe has shown that significant savings can be made. Not only are they reducing their costs, but their whole business operation now runs more efficiently.�
�The Accelerated Capital Allowance Scheme allows companies to move towards implementing more energy-efficient practices and more importantly, save money,� added Eoin Blacklock, managing director, keepITsafe.

Current Capital allowances allow a write off against equipment over 5-8 years, generally on a straight line basis over the period. With the Accelerated Capital Allowance scheme, companies who invest in energy-efficient technology can write off 100pc of the purchase cost of the qualifying energy-efficient equipment, in the year of purchase.

The following is a list of the types of equipment covered by the ACA
- Refrigeration and cooling systems
- Catering and hospitality equipment
- Electro-mechanical systems
- IT software and hardware
- Lighting
- Electric vehicles

Full details of the scheme and a complete list of eligible equipment can be found on the SEAI website.

Of course when replacing any of this type of equipment, there is a need to manage the disposal of the old equipment in an environmentally sustainable way and this is where Electronic Recycling comes in.

Experts at handling all types of Waste from Electrical and Electronic Equipment (WEEE) at the lowest cost, with average materials recovery rates in excess of 90% and in some cases 100% of certain types of equipment.

Reusing materials recovered from WEEE can save over 80% of the energy required to manufacture new equipment from virgin material so combining ACAs with the Electronic Recycling service not only saves you money, it makes a very serious contribution to environmental sustainability.

Home About ER What We Recycle Office Recycling Commercial Recycling Computer Recycling Domestic Recycle News FAQ's Booking Form Permits Contact Us Links	Irish company benefits from ACA « back July 2010 The Accelerated Capital Allowance (ACA) scheme operated by the Sustainable Energy Authority of Ireland ( SEAI), allows companies to buy energy efficient equipment and write off its full cost against corporation tax in the year of purchase. keepITsafe, one of Ireland's largest online backup companies, recently announced that it purchased E80,000 of energy efficient servers and reduced their annual data centre running costs by 30%. Commenting at the announcement, Energy Minister Eamon Ryan TD said: � keepITsafe has shown that significant savings can be made. Not only are they reducing their costs, but their whole business operation now runs more efficiently.� �The Accelerated Capital Allowance Scheme allows companies to move towards implementing more energy-efficient practices and more importantly, save money,� added Eoin Blacklock, managing director, keepITsafe. Current Capital allowances allow a write off against equipment over 5-8 years, generally on a straight line basis over the period. With the Accelerated Capital Allowance scheme, companies who invest in energy-efficient technology can write off 100pc of the purchase cost of the qualifying energy-efficient equipment, in the year of purchase. The following is a list of the types of equipment covered by the ACA - Refrigeration and cooling systems - Catering and hospitality equipment - Electro-mechanical systems - IT software and hardware - Lighting - Electric vehicles Full details of the scheme and a complete list of eligible equipment can be found on the SEAI website. Of course when replacing any of this type of equipment, there is a need to manage the disposal of the old equipment in an environmentally sustainable way and this is where Electronic Recycling comes in. Experts at handling all types of Waste from Electrical and Electronic Equipment (WEEE) at the lowest cost, with average materials recovery rates in excess of 90% and in some cases 100% of certain types of equipment. Reusing materials recovered from WEEE can save over 80% of the energy required to manufacture new equipment from virgin material so combining ACAs with the Electronic Recycling service not only saves you money, it makes a very serious contribution to environmental sustainability.
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