Incentives can help companies address the challenge of climate change has been saved
Incentives can help companies address the challenge of climate change
The global challenge of climate change is placing companies under pressure to reduce their overall carbon footprint. Several mechanisms, designed to link a financial element to greenhouse gas emissions (carbon taxes and carbon budgets) are driving the cost of doing business. The section 12L energy efficiency incentive offers companies a financial incentive to benefit from taking action and improving their energy efficiency. Section 12L of the Income Tax Act provides for an additional allowance in respect of energy efficiency savings at a rate of 95 cents per kWh of measured and verified energy efficiency savings.
Need more information? Get in touch with the Deloitte Investment and Innovation Incentives (Gi3) team, a team with a successful track record in assisting clients in claiming incentives for energy efficiency interventions, or download the below infographic.