Triple E Products Register
& Accelerated Capital Allowance (ACA)
Madeline Hallinan
Programme Manager
Introduction
Who We Are
The Sustainable Energy Authority of Ireland (SEAI) was set up by the
government in 2002 as Ireland’s national energy authority.
Our Mission
To play a leading role in transforming Ireland into a society based on
sustainable energy structures, technologies and practices.
Key Strategic Objectives
• Energy efficiency first
• Low carbon energy sources
• Innovation and integration
Business Support Available
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(Energy Efficiency)
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Energy MAP Web site
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Action Programme) Training
Grants and accelerated capital allowances
Energy Agreements – EN 16001
Business page
Technology Guides
Identifies
opportunities
for
saving with lighting systems
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General Lighting Guide
Offices
Retail
Hospitality
Schools
Libraries
Manufacturing &
Warehouses
Sports and Leisure
Lighting Controls
Hospitals
Exterior Spaces
Triple E Overview
Triple E Products Register:
• Register of highly energy efficient products based on
stringent criteria
• Note: Products are not Approved or Accredited
• Energy efficiency procurement benchmark.
• SI 151-2011, requires Public Sector procure against
Triple E criteria
Accelerated Capital Allowances (ACA)
• Tax incentive for specific energy efficient products listed
on the Triple E Products Register
Triple E online
www.seai.ie/TripleE
Triple E product search tool
ACA online
www.seai.ie/aca
What is the ACA?
What is the ACA?
• It’s a tax incentive (not a grant!) introduced in
the 2008 Finance Act runs until 2014
• Specifically for companies paying corporation
tax.
• Write-off 100% of eligible equipment cost
against profit in the first year (normally over 8
years!).
How the ACA works
ACA example:
• Company profit = €100,000
• Tax on profit @ 12.5% => €12,500 as standard tax bill
• Equipment expenditure = €20,000
W/o ACA
Equipment costs
deductable from profit
Remaining taxable
profit:
Tax payable on profit:
(@ 12.5%)
Tax saved in year one
With ACA
€2,500
€20,000
[1/8 of total]
[8/8 of total]
€97,500
€80,000
€12,188
€10,000
€313
€2,500
ACA Benefits
More Cash,
Less Tax
..and reduces energy
costs!
SEAI’s role
Responsibility for maintaining list of eligible
products through Triple E Register
• Develop energy efficiency technology criteria
• Administer and check quarterly product submissions by
equipment suppliers
Important:
ACA tax incentive is not claimed through SEAI
What ACA covers..
• 52 Separate Technologies
• 8000+ Eligible Products
Triple E / ACA Categories
• Lighting
• Motors & Drives
• Building Energy Management Systems (BEMS)
• Information and Communications Technology (ICT)
• Heating and Electricity Provision
• Process and Heating, Ventilation and Air-conditioning (HVAC)
Control Systems
• Electric and Alternative Fuel Vehicles
• Refrigeration and Cooling
• Electro-mechanical devices
• Catering and Hospitality
Product submission process
1. Supplier checks that product meets criteria
2. Supplier submits basic product details
through Triple E account for consideration
3. SEAI verifies submission is correct and
requests supporting documentation
4. Supplier provides supporting documentation
through Triple E account
5. SEAI checks documentation
6. Ministerial order required to add ACA
product to list
Claiming the ACA
1. Check item is on the Triple E Products
Register and eligible for ACA
2. Procure as normal.
3. Ask supplier to record product details as per
list on invoice.
4. Claim allowance on annual tax return form.
Claiming the ACA
Claim Value = Cost associated with provision of
eligible products
NB: Provision could be interpreted to include
acquisition, transport and installation costs if
they are directly related to the provision of
the qualifying equipment
Minimum expenditure for Lighting is €3,000
Claiming the ACA
Claiming the ACA when no profit is made
As is the case for standard capital
allowances, the ACA allowance can be carried
over to the following year if no profit is made
in the year of product purchase.
Thank you
www.seai.ie/triplee
E-mail: triplee@seai.ie