Accelerated capital allowance and Triple E Grant

About this grant

The Accelerated Capital Allowance (ACA) is a tax incentive scheme administered in Ireland that promotes investment in energy efficient products and equipment. It is based on the standard 'Wear and Tear Allowance' for capital plant and machinery, but accelerates the deduction so that the full cost of qualifying equipment can be deducted from profits in the year of purchase, rather than spread evenly over eight years. For electric and alternative fuel vehicles, the accelerated allowance is based on the lower of the actual cost or EUR 24,000. The scheme is linked to the Triple E register, which lists energy efficient products eligible for ACA; equipment must be on the published list during the accounting period in which it is first provided. The problem addressed is the cost barrier to adopting energy-saving technology in businesses, by providing an upfront tax reduction equal to qualifying capital expenditure. Minimum expenditure thresholds apply per technology class, and these are set out on the Triple E categories and criteria page. Supported activities include purchasing new, eligible energy efficient equipment for use in a trade. Equipment cannot be leased, let or hired to any other person, body or organisation. Claiming is done through the company's return of income form (CT1), and no prior approval from SEAI is required; normal self-assessment provisions apply. Businesses are advised to check the Triple E product register before purchase and to seek tax advice where unsure.

Eligibility

Companies, sole traders and farmers that operate and pay corporation tax or income tax on trading or professional income in Ireland can avail of the ACA scheme. The equipment purchased must be new, bought for use in a trade, and not leased, let or hired to any person, body or organisation. Expenditure must meet or exceed the minimum amounts for the relevant technology class, and the equipment model must be included on the Triple E register. No approval is needed in advance.

Key requirements

• ✓Equipment must be new, on the Triple E register during the accounting period it is first provided, and used in a trade
• ✓Equipment cannot be leased, let or hired to any other person, body or organisation
• ✓Claimed via the company CT1 return under normal self-assessment; no prior SEAI approval is needed, and minimum expenditure thresholds apply per technology class

Funder contact

The notice names a programme contact you can speak to before applying.

Frequently asked questions

Who can apply for Accelerated capital allowance and Triple E?

Eligibility covers organisations in IE; sme, large-company. See the eligibility criteria above for the full conditions.

Relevant sectors

About this sector

Energy efficiency funding covers building retrofits, industrial process upgrades, heat recovery, efficient equipment and demand reduction. It arrives as grants for audits and capital works, as support schemes run by agencies and utilities or as public tenders for retrofit and energy services. Applicants usually need a baseline of current energy use and a measured saving.