With soaring energy costs, and the 130% super-deduction capital allowance scheme, many businesses have taken the opportunity to refresh their compressed air systems.
Saving £13,000 per year in off load running costs
When the compressor runs 'off load', it is still running but not actively compressing air, it's in 'standby mode' and using the least amount of electricity it can. So when Holloseal, a manufacturer of a wide range of high-quality glass services for the commercial glazing industry, measured the off load financial savings – the justification for the upgraded compressor could be justified on that metric alone.
A huge return on investment when all factors considered
“The 130% super-deduction capital allowance scheme meant we spent £22,000 on a compressor and could off set £28,800 against corporations tax. That fact alone made the replacement of our 30 year old Hydrovane compressor a good deal. But considering the huge increase in energy costs – the upgrade has more than paid for itself within the first 12 months.”
Frasier Nicol Managing Director of Holloseal
Countdown to the end of 130% super-deduction capital allowance scheme
New compressors qualify for 130% super-deduction capital allowance. It makes investing now very attractive, helping save tax liabilities and reduce energy costs. You may argue that your old compressor runs fine, but a simple energy test can provide the calculation in different running costs. So you can accurately work out the payback on a new compressor on your current energy tariff.
Take a free Compressed Air System Safety Survey & Energy Audit
Cambs Compressors engineers can provide an expert objective assessment on your compressed air system, providing you with the facts on your running costs. The Compressed Air System Safety Survey & Energy Audit will also quickly identify any other inefficient equipment, maintenance procedures, and give you the relevant low cost/no cost measures to reduce your energy costs – such as leak detection and repair to reduce system waste.
To ensure we can provide the highest service levels and most responsive support, our Flexible Maintenance Support Agreements are only eligible to facilities operating within 50 miles of St Ives, Cambridgeshire, but don’t worry, we’ll confirm this before wasting any of your time.
