Incentives within the Triple E

 

Accelerated Capital Allowance

The accelerated capital allowance (ACA) is a corporate tax reduction incentive. It works as follows:

  • A company purchases a product
  • In the accounting year of the product purchase, that product is listed as eligible for the ACA (use the Triple E product search to find eligible products)
  • When filing the corporation tax return for the year of product purchase, taxable income is reduced by the full amount of the product purchase.

Visit the accelerated capital allowance site for more information.

 

Electric Vehicles
During 2011 the government introduced a grant scheme for electric vehicles in Ireland. Under this scheme dealerships will be paid upto€5,000 for every eligible electric vehicle sold in Ireland. It is intended that the full value of this grant is passed on to the consumer. For further information on this incentive can be found on the electric vehicles incentive website.

 

Microgeneration

Small- and Micro-Scale Generators (<50kW)

Small- and Micro-Scale Electricity Generators include Solar Photovoltaic and Wind generators and are commonly used by householders, businesses, the public sector and farmers primarily to offset electricity demand within their premises.For more information please visit the microgeneration website. The Triple E register provides details of small- and micro-scale generators that meet the relevant European and international standards and that have been tested in accordance with these standards. SEAI would urge suppliers of such generators meeting the required standards who have not yet registered their products to do so.