1. Renewable Energy (RE) and Energy Efficiency (EE) incentives will be extended beyond 31 December 2015
Previously, companies undertaking generation of renewable energy and energy efficiency activities are eligible for Pioneer Status or Investment Tax Allowance. To apply for these incentives, applications need to be submitted to MIDA by 31 December 2015. However, these incentives will be extended beyond 31 December 2015.
However, projects which have been approved with Feed-in-Tariff (FiT) for solar by the Sustainable Energy Development Authority (SEDA) are not eligible for the Investment Tax Allowance.
2. Green Technology Incentive includes more qualifying activities
Green technology incentive includes more qualifying activities such as green building, green data centre, waste management, services related to electric vehicle (EV), green certification and verification, and green township.
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