asked the Chancellor of the Exchequer what financial incentives there are in the taxation system to encourage people to use renewable energy and energy conservation systems.
[pursuant to his reply, 6 April 1982, c. 289.]: Capital expenditure on new energy systems for business purposes normally qualifies for the 100 per cent. first-year allowance which applies to machinery and plant generally.The cost of adding any insulation against loss of heat to an existing industrial building also qualifies for a special 100 per cent. first-year allowance.