The R&D Tax Credit is the biggest tax credit available to U.S. businesses, yet also one of the most underutilized.
Does your business operate in the Renewable Energy sector?
Given complicated regulations, it comes as no surprise that many renewable energy companies are not yet claiming the credit. However, if your business like many others in the space is spending a large amount of time and money on the development of new products and/or processes, it’s likely you’re performing qualified R&D activities and thus are leaving money on the table by not applying for the credit.
What counts as R&D?
If your business is involved with any of the following areas and you are not already claiming R&D tax relief, then it’s likely that you could be.
Projects that may qualify for R&D tax relief include:
- Reducing costs associated with storing energy
- Storing more energy more efficiently
- Developing new materials or designs for increased energy efficiency
- And many more…
We analyze all of your expenses and activities – both past and present – in order to determine the true extent of your eligibility, not just the obvious low-hanging fruit. Download our Renewables R&D Factsheet below to learn more about R&D in the Renewable Energy sector and see more projects that qualify for R&D tax relief.