The Coalition Government has designed the Green Deal with the aim of making it available for businesses as well as households by Autumn 2012, enabling smaller businesses to access funding for energy efficiency improvements, and larger businesses to meet their obligations under existing schemes (such as Climate Change Agreements or the Carbon Reduction Commitment Energy Efficiency Scheme) at lower cost. The complexity of energy use in the business sector means that there will be a number of differences in the Green Deal for this sector compared to the private sector, though the key principles set out will apply to both businesses and households.
First-year Allowances for Energy Saving Products:
The Enhanced Capital Allowance (ECA) energy scheme provides tax allowances for energy saving products. The scheme offers a 100 per cent first-year allowance for investments in certain energy saving plant and machinery.