Tax benefit for sustainable investment

If you, as a Dutch company, purchase a portable battery system from Wattsun, you qualify for the Environmental Investment Allowance (MIA) in 2023. This is a fiscal arrangement that allows you to achieve tax advantages when investing in environmentally friendly assets. At our request, the Netherlands Enterprise Agency (RVO) has included portable battery systems on the environmental and energy list (A4316), making Wattsun’s products 36% deductible.

Note: This arrangement is specifically created for mobile battery systems like those from Wattsun. Fixed battery packs from other providers do not qualify for the MIA scheme.

Wattsun solar panels are also deductible

Some of our customers purchase our battery system along with the Wattsun Solarkit, for example, to make break rooms and company vans more sustainable. This package is also covered by the MIA scheme. The RVO states that solar panels ‘exclusively serving the battery pack’ qualify for this. Since our solar panel connectors are specially developed for our battery system, the Solarkit is fully deductible in tax returns.

Why is Wattsun eligible?

The Netherlands Enterprise Agency has added Wattsun’s battery systems to the MIA because, according to the RVO, our products contribute to ‘reducing greenhouse gases, promoting energy transition, limiting noise pollution, and improving air quality.’

More information about the MIA scheme

You can find more information about this scheme on the RVO website.

What does the Environmental Investment Allowance bring you?

Using two examples, we demonstrate what this MIA scheme can yield for your company.

Example 1: Self-sufficient break room

Assuming your taxable profit is €100,000, and you pay 25% tax on your taxable profit. You invest €7,970 in a Wattsun battery system with asset code A4316 on the Environmental List. The deduction for Wattsun is €2,869.20 (36% of €7,970). The taxable profit now becomes €97,130.80.

If you did not use the MIA, you would have to pay €25,000 (25% of €100,000) in taxes. By using the MIA, you only pay €24,282.70 (25% of €97,130.80). Your benefit amounts to €717.30.

Example 2: Two Wattsun Stacks (Wattsun Dock and four Wattsun Packs)

Assuming your taxable profit is €100,000, and you pay 25% tax on your taxable profit. You invest €26,700 in two Wattsun battery systems with asset code A4316 on the Environmental List. The deduction for Wattsuns is €9,612 (36% of €26,700). Your taxable profit now becomes €90,388.

Without using the MIA, you would have to pay €25,000 (25% of €100,000) in taxes. By using the MIA, you only pay €22,597 (25% of €90,388). Your benefit amounts to €2,403.

Significant tax reduction

Purchasing the Wattsun battery system is not only beneficial for the environment but also for your wallet. Thanks to the Environmental Investment Allowance (MIA), you can deduct up to 36% of the investment costs from your taxable profit, leading to a significant reduction in the taxes payable. It’s important to emphasize that this deduction applies only to portable systems like Wattsun and not to fixed battery packs.

Contact

If you are interested in the possibilities and/or have questions about this scheme, feel free to contact us for more information. Call us, visit our contact form, or schedule a phone appointment directly via the phone appointment planner.