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The country aims at the installation of 50,000 m² of solar thermal systems by 2012.

Tax Incentive for Energy Efficient Equipment

This tax incentive scheme came in effect in 1996 and is provided under the "Income Tax Act". Capital expenditure on qualifying energy efficient or energy-saving equipment can be written off in 1 year instead of 3. Qualifying equipment includes solar heating or cooling systems and solar energy collection systems. Capital expenditure pertains to costs incurred by the investment in or purchase of long-term business assets. All costs directly related to the project, including the equipment, supplies and installation costs, are eligible for accelerated tax allowance. Any person carrying on a trade, profession or doing business in Singapore is eligible for the tax incentive but the applicant must own the equipment and use it for business purposes only.

Energy Efficiency Improvement Assistance Scheme

The "Energy Efficiency Improvement Assistance Scheme" (EASe) is a co-funding scheme administered by NEA to incentivize companies in the manufacturing and building sectors to carry out detailed studies on their energy consumption and identify potential areas for energy efficiency improvement. Over a 5-year period, the maximum amount of funding to any single facility or building is capped at $200,000. The owner or operator of the manufacturing facility or building must be registered in Singapore to be eligible for the funding and the manufacturing facility or building for which the energy appraisal is being carried out must be located in Singapore. The appointed expert consultant or ESCO can either be a foreign or local company that is accredited by the Energy Sustainability Unit (ESU), a unit of the School of Design and Environment, National University of Singapore. Qualified internal teams with good track record in carrying out energy appraisals of comparable scale and scope may also be considered for funding which can cover up to 50% of costs thereby incurred. Such teams must provide evidence of substantial experience in carrying out energy appraisals of the scale and scope intended. The detailed energy appraisal must not have commenced at the time of application. The detailed energy appraisal should cover the whole plant, facility, or building. Manufacturing equipment and processes may be excluded from the appraisal. For large facilities or buildings, a partial appraisal covering a complete system or part of the facility or building may be considered.

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