Industry: Energy & Utilities
Company Size: 42 Employees
Annual Revenue: $10M
R&D Tax Credit Savings: $200,000
Challenge in Energy
A solar panel installation and maintenance company was investing in new panel mounting techniques, energy efficiency improvements, and enhanced battery storage integration for residential and commercial clients. Their engineering team was continuously experimenting with weather-resistant coatings, panel angling optimizations, and hybrid solar-battery configurations to improve efficiency and durability. However, they were unaware that these efforts met the criteria for R&D tax credits.
Despite making significant advancements in solar technology adaptation and installation automation, they had never documented their experimental work for tax credit eligibility.
Our Approach
1). Project Analysis & Qualification: Identified R&D activities, including solar panel efficiency testing, durability enhancements, and automated installation methods.
2). Expense Documentation: Captured wages for solar engineers, energy analysts, and field technicians, along with costs for prototype materials and energy performance testing.
3). Audit-Ready Study: Created a detailed IRS-compliant report outlining their testing procedures, material experiments, and performance tracking.
4). Ongoing R&D Strategy: Implemented a streamlined tracking system to support future R&D claims and maximize tax credit potential.
Outcome
- Secured a $200,000 R&D tax credit, reducing tax burdens and increasing available capital.
- Allowed reinvestment in higher-efficiency solar technology and automation improvements.
- Established a structured documentation process for tracking ongoing R&D efforts, ensuring future eligibility.
Unlock Your R&D Tax Credits Today
At Credits Granted, we help solar and energy companies maximize their R&D tax savings with full IRS compliance.
Want to see if your company qualifies? Schedule a Free Consultation today.
