Tax Incentives

Taxation

Tax reliefs for companies investing in solar, wind, hydro and biomass generation are available from 1999 to 2011 under s.486B of the Taxes (Consolidation) Act 1997. Accelerated capital allowances were made available for the installation of energy efficient equipment by orders made under the Taxes (Consolidation) Act 1997 in 2008 and 2009.

Grants were made in 2009 for pilot small and micro scale generation programmes and for several other kinds of research and development projects on renewable energy.

The Electricity Regulation (Amendment) (Carbon Revenue Levy) Act 2010 imposed a carbon levy for 2010, 2011 and 2012 on electricity suppliers.