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What fiscal incentives are there to encourage the take up of CHP?

April 26, 2017CHP ENCOURAGE fiscal incentives

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What fiscal incentives are there to encourage the take up of CHP?

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CHPQA Programme Through the CHPQA programme the Government has put in place three main incentives to encourage the take-up of ‘good quality’ CHP: • Exemption from the Climate Change levy • Investment in a CHP plant may qualify for an Enhanced Capital Allowance (ECA). This enables a business to claim 100% first-year capital allowances of their spending on qualifying plants and machinery. Businesses can write off the whole of the capital cost of their investment in these technologies against their taxable profits of the period during which they make the investment. • Exemption of Power Generating Plant & Machinery from Business Rates. Further information from the CHPQA programme.