Accelerated Capital Allowances for Energy Efficient Equipment

The current accelerated capital allowances regime for energy efficient equipment is to be extended until 31 December 2023.

This regime can provide a significant tax saving for companies and individuals engaged in business - it permits businesses to claim an accelerated wear and tear allowance (i.e. 100%) in respect of any capital expenditure incurred on energy efficient equipment.

The equipment must be used wholly and exclusively for the purposes of the trade and must belong to the business. It is also possible to make a claim for accelerated capital allowances in respect of energy-efficient equipment used in a rental trade. The full allowance can be claimed in the year that the energy efficient equipment is brought into use in the trade.

The accelerated capital allowances regime is available in respect of various types of energy efficient equipment including the following:

  • Information and Communications Technology
  • Lighting Equipment
  • Heating and Electricity Equipment
  • Ventilation and Air-conditioning Control Systems
  • Catering and Hospitality Equipment

If you would further information on this matter, please contact a member of our team.

Please note: The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.

Warren & Partners are a boutique Irish tax and business advisory firm based in Ballsbridge, Dublin. Our experienced-team of tax advisors will create unique tax solutions for your specific business needs.

Get in touch

with our experts for Accelerated Capital Allowances for Energy Efficient Equipment

Tom Mahon
Tom Mahon

Managing Director

David Kehoe
David Kehoe

Tax Director



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