Sustainable energy, according to an expert
TAO Tax Credit – quicker return on Investment through tax credits
Under Section 22/E of Act LXXXI of 1996, a corporate income tax credit is available for investments that improve energy efficiency. Up to 30% of the investment’s value may be deducted, up to a maximum of 70% of the annual corporate income tax liability, with a cap of 15 million euros.
What can it be used for?
- Buildings: replacement of lighting, boilers, or HVAC systems
- Technology: Upgrading a compressor or variable frequency drive
EKR – realizable savings, additional revenue
The Energy Efficiency Obligation Scheme (EKR), which operates under Act LVII of 2015, aims to ensure that energy savings financed by energy suppliers become verifiable and tradable assets.
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Under the “GREEN” sub-scheme of the Széchenyi Agricultural Investment Loan MAX+, which can also be used for energy-efficiency renovations, the interest rate is fixed at 1.5% per annum.
Why is it worth it?
The tax credit and the EKR work together to accelerate the return on investment while reducing the company’s energy consumption and carbon footprint.