With this approval, the British government recognises VLT® drives as representing energy saving "green" technology and that the products qualify for the Enhanced Capital Allowance tax benefit and contribute to offsetting the Climate Change Levy.
According to British legislation, companies can for Corporation Tax purposes, write off the capital cost of products on the Energy Technology List in their first year instead of over seven years as for other capital purchases. This represents a substantial saving on the purchase price.
The British approval officially places Danfoss VLT drives in the energy efficiency and "Clean Tech" sector. This allows Danfoss to leverage the marketing logo of the ECA scheme.
