The categories of eligible equipment that qualify for the capital allowances scheme for energy efficient equipment will be increased from seven categories to ten.
The scheme, as provided for under section 285A TCA 1997, was introduced by FA 2008 and provides for capital allowance of 100% in the first year in which the expenditure is incurred on energy-efficient equipment covered by the scheme. The scheme was expanded by F(No.2)A 2008 to include 4 additional categories of equipment bringing the total to seven. The Minister announced in Budget 2010 that the total number of categories will be increased to ten.