From January 2018, a new SEAI grant is available to support electric car owners to install a charger in their home. The grant is available to purchasers of both NEW AND SECOND HAND electric cars.
Grants can be claimed against any of our SEAI approved car chargers. As long-standing SEAI partners, since May 2016, 54 of our products have been registered and grant-aid approved.
About the Grant
WHAT IS THE SEAI GRANT WORTH? The SEAI grant is €600 per household.
WHAT CONDITIONS APPLY? To qualify for the SEAI grant, the following conditions must be satisfied in relation to the applicant and the vehicle;
Who Can Apply?
Any private owner who buys an eligible EV in 2018 or later is eligible to apply for this grant.
The EV must be parked on an off-street parking location associated with the home and the charger must be connected back to the fuse board of the home of the applicant.
The Meter Point Reference Number (MPRN), which you can find on your electricity bill, will be used to confirm the location of your home.
The property can not be associated with a previous EV vehicle grant and charge point offer. For example, it can not have availed of the free ESB Ecars home charger pre 2018.
Do not commence any work before the start date on your Letter of Offer otherwise this expenditure will be deemed ineligible and you will not receive grant support for it.
What Vehicle Qualifies?
Only vehicles registered new or bought second hand from 2018 onwards are eligible for a home charger grant.
Only vehicles which are now or were previously eligible for grant support under the EV Grant Scheme are eligible.
EVs include Battery Electric Vehicles (BEVs) or Plugin Hybrid Electric Vehicles (PHEVs).
Vehicles purchased new in Ireland, privately imported as new or privately imported as second hand and registered in Ireland in 2018 or later are eligible.
Second hand cars where ownership by the applicant occurs in 2018 or onwards are eligible.
Vehicles must be registered for private use.
HOW CAN IT BE CLAIMED? The grant can be claimed against the purchase and installation cost of our SEAI approved chargers. To make a claim, applicants must follow these steps…
Step By Step Process
1. Firstly, you should apply for an application form SEAI. To do this you need to email: EVgrantscheme@seai.ieand and enter ‘EV Home Charger Application‘ in the title. You may also receive a hard copy of the application form from your nearest registered EV dealer. From the 7th January 2018, you will be able to apply online.
2. Once your application has been approved, you will receive a Letter of Offer. This will be issued to you complete with a set of Terms and Conditions and a Payment Request form.
3. From when you receive your Letter of Offer, you have 6 months to complete the installation of your charge point.
4. The work can only be performed by a fully qualified electrician who is registered accordingly with Safe Electric Ireland.
5. Once the installation is completed you should complete the Payment Request Form. This will be completed by you and your Electrician.
6. Once the installation is completed Your Electrician must provide you with a copy of the Certificate Number 3. Review this and ensure it is completed properly.
7. Post your Payment Request Form to the address indicated on the Form together with the following items:
Fully signed and completed Payment Request Form including bank account details
Certificate Number 3
Copy of Test Record sheet from Electrician
Vehicle Registration Form (not required for a New car purchased in Ireland)
Photographs of the installed charge point and the EV showing vehicle registration plate
SEAI WORK CHARGER GRANTS
Companies can now write off 100% of their Full Charge Point Supply & Installation through Energy Serv IE & an SEAI incentive helping companies invest in energy efficient equipment.
WHAT IS THE ACA?
The Accelerated Capital Allowance (ACA) is a tax incentive which aims to encourage companies to invest in energy saving technology. The ACA is based on the existing Capital Allowances tax structure (also referred to as Wear and Tear Allowance) for plant and machinery and is only applicable to eligible energy efficient equipment.
HOW DOES THE ACA WORK?
With the existing Capital Allowances tax structure, when money is spent on capital equipment companies can deduct the cost of this equipment from their profits proportionally over a period of 8 years, i.e. the annual taxable profit is only reduced by 1/8 of the total equipment cost.
With the new Accelerated Capital Allowance: When money is spent on eligible energy efficient capital equipment, the company can deduct the full cost of this equipment from their profits in the year of purchase, i.e. the taxable profit in year one is reduced by the full cost of the equipment.
The ACA benefits you in year one by:
Reducing your tax bill
Increasing your cash flow
WHERE DO I FIND THE LIST OF ELIGIBLE EQUIPMENT?
Equipment eligible for the ACA can be found on the Triple E Products Register on www.seai.ie/aca. To learn more about the ACA scheme, check out the latest ACA_Brochure or contact us at energyserv.ie to discuss how you could benefit.
DO YOU QUALIFY FOR THE ACA?
The ACA is available to companies that operate and pay corporation tax in Ireland.
HOW DO I CLAIM THE ACA?
Claiming the ACA is very simple as the standard annual tax return procedure is the method used. The following are some simple guideline steps:
Decide upon required piece of equipment
Ensure product is on the Triple E Products Register during relevant accounting period before purchasing
Claim the ACA for the purchased equipment on the company’s tax return form along with any other wear and tear allowances for machinery and plant
To find out if the equipment you bought, or plan to buy, is eligible for the ACA just go www.seai.ie/aca where the up to date Triple E Products Register is maintained by the Sustainable Energy Authority of Ireland (SEAI).
For more detailed and definitive information on how to claim the ACA please contact The Irish Revenue Commissioners (www.revenue.ie)
*Details are from the SEAI ACA Brochure
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