Tamlite Lighting is urging businesses to take advantage of the Enhanced Capital Allowance (ECA) before the scheme closes at the end of March.

The scheme was aimed at encouraging businesses to invest in energy-saving equipment specified in the Energy Technology List (ETL) to help reduce carbon emissions which contribute to climate change. The ECA allows businesses to write-off 100% of qualifying investments against corporation tax in the year in which they make the investment.

The ETL is one of the world’s largest databases of top performing energy-saving products, with around 14,000 products listed. Modern LED lighting qualifies for the scheme, but due to the large number of products available, it is an unlisted category. Efficient white lighting units, white LED lighting modules for backlit illuminated signs and lighting controls are all eligible for the tax relief.

However, it was announced in the Chancellor’s Budget in 2018 that ECA Scheme will end in March 2020. With that deadline fast approaching, Tamlite is urging businesses to take another look at whether they can benefit from the scheme.

Colin Lawson, head of market intelligence Tamlite Lighting, comments: “With energy costs increasing and an even greater focus on what businesses can do to tackle climate change, finding ways to reduce energy consumption whilst reducing carbon emissions is top priority. Lighting is a cost-effective investment that can deliver significant and long-term benefits, and gaining tax relief through the Enhanced Capital Allowance scheme makes it an even more attractive investment. Although the scheme is coming to an end, it still provides businesses with a great opportunity to invest in the latest energy efficient lighting systems. And we would urge organisations to look again at how they can take advantage of the measures before the March deadline.

“Our expert design and technical teams can advise business owners through the process of specifying and buying energy efficient lighting. We are keen to help as many organisations benefit from the scheme before it closes and would them to take swift action so they don’t miss out.”