Cyclops - The Energy Efficient Lighting System
The vast majority of current lighting installations are inefficient in energy use. Using efficient and effective lighting that Cyclops provides could substantially reduce electricity consumption and provide better lighting.
A report by the International Energy Agency (IEA) has shown that 43% of electricity used for lighting is in the commercial and public sector. The predominant light source here is the fluorescent tube. The report notes that the efficiency of these tubes can vary widely between 15% and 60%.
From both an environmental and a cost perspective, application of energy efficient lighting systems such as Cyclops, is the logical way forward.
Better lighting performance + reduced cost + energy efficiency = Cyclops
The Enhanced Capital Allowances Scheme
Capital allowances allow the costs of capital assets to be written off against a business's taxable profits. They take the place of depreciation charged in the commercial accounts, which is not allowed for tax. The main rates of allowances for expenditure on plant and machinery are:-
- 25% a year on the reducing balance basis for general spending on plant and machinery
- 6% a year on the reducing balance basis for plant and machinery with a useful economic life when new of more than 25 years (long-life assets).
In April 2001 the Government introduced 100% first-year capital allowances for energy-saving investments (also called the Enhanced Capital Allowance (ECA) scheme) to help promote the uptake of energy efficient technologies. A business can claim the allowances if it incurs qualifying expenditure on designated energy-saving plant and machinery.
The Cyclops Lighting System conforms to the required standards and qualifies under the ECA scheme.
Save Costs and help the environment with Cyclops - the energy efficient lighting system.