The Energy Investment Allowance (EIA)

If an investment in an energy-saving business asset or in sustainable energy falls under the Energy Investment Allowance (EIA), this means a win-win for the entrepreneur. You not only save energy, but you also have a tax advantage. The aim of this scheme is to stimulate energy-saving investments by offering tax deductions. In 2021, this deduction will be 45%.’

Requirements

To be eligible for the EIA, a number of conditions must be met. Firstly, the amount of energy investments must be at least € 2,500 per asset. Second, the company assets must not have been used before. In addition, a report must be submitted to the RVO within three months of the investment. The EIA may also not be combined with the environmental investment allowance if it concerns the same investment amount. Finally, it must be a business asset that is on the so-called Energy List. This can be found on the website of the RVO. It covers the following categories and examples:

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Application

An EIA application can be submitted at any time to the RVO. It is important that this must be done within three months after the investment in order to be able to use this scheme. If your application is approved, it is advisable to keep the confirmation of receipt in your accounts and to indicate the EIA on your tax return.

Not sure whether your investment qualifies for the EIA? Then contact Law & More. Our lawyers are happy to help you!