Isle of Man energy saving industry

How can the Isle of Man Government help you?

Save money, reduce emissions and become more energy efficient! If you are looking to reduce your household bills and/or create a more energy efficient home the Isle of Man Government offer advice, support and incentives that could help. Our homes are the largest carbon emissions contributor in the Isle of Man.

How will the electricity sector change in the Isle of Man?

As the uptake for electric heating and electric vehicles increases, the electricity sector will have to grow to meet future demand. The majority of the Isle of Man’s electricity is currently sourced from fossil fuels.

Does the Isle of Man import energy from the UK?

The Isle of Man currently imports all of its energy from the UK (with the exception of what is produced from Sulby). In all future models, the Isle of Man remains dependent on GB for the provision of baseload. This is the case even where capacity is increased by building excess renewables, as the stabilisation is still provided by interconnectors.

What is the economy of the Isle of Man?

The economy of the Isle of Man is a low-tax economy with insurance, online gambling operators and developers, information and communications technology (ICT), and offshore banking forming key sectors of the island's economy.

What are the benefits of an ISLE OF MAN Corporation?

• No Corporate Taxes: The primary benefit of an Isle of Man corporation is there are no corporate taxes. However, citizens of the U.S. and other countries whose worldwide incomes are taxed must declare their Isle of Man income to their tax authorities. • No Minimum Capital: In the Isle of Man, no minimum capital requirement exists.

What sectors does the Isle of Man manage?

The Isle of Man's Department for Enterprise manages the diversified economy in twelve key sectors. The largest individual sectors by GNI are insurance and eGaming with 17% of GNI each, followed by ICT and banking with 9% each.