Claim R&D Tax Relief & apply for Grant Funding for Renewable Energy Projects using our experts.
- R&D Tax Credits let companies recover up to 33% of innovation costs in advancing products, services, or technology.
- Grant Funding drives growth, helping start-ups thrive and established businesses scale with government support.
Tax Incentives and Grants for Renewable Energy Projects
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Irrespective of industry sector or business size, companies can claim R&D Tax Credits, Patent Box and Capital Allowances for every year of qualifying activity to deliver a valuable source of income to invest in the acceleration of their R&D and capital investment activities, supporting growth and increased profitability, lowering external debt or equity funding requirements, building intellectual property rights (IPR) and enhancing company valuation at exit.
R&D Tax Credits for
Renewable Energy
Tax Incentives and Grants for Renewable Energy Projects
The renewable energy sector is at the forefront of innovation, from developing new technologies to optimising energy systems. R&D Tax Credits offer substantial rewards for businesses tackling technical challenges and advancing renewable energy solutions, allowing you to claim up to 33% of eligible R&D expenses.
Tax Incentives and Grants for Renewable Energy Projects
R&D activities in renewable energy involve addressing scientific or technical uncertainties. These can include developing new products, improving efficiency, or solving engineering challenges in energy systems. Examples include:
- Designing advanced wind turbine components to improve performance.
- Developing innovative solar panel materials for higher energy output.
- Optimising battery storage systems for grid integration.
- Researching biofuels with enhanced energy efficiency.
- Addressing challenges in offshore energy installations, such as tidal or wave systems.
- Developing hydrogen production systems integrated with renewable energy sources.
- Engineering solutions for waste heat recovery in renewable energy plants.
- Creating AI-driven systems to predict and optimise energy generation.
- Developing advanced control systems for hybrid renewable energy plants.
- Innovating floating solar farms for deployment on bodies of water.
How is the benefit paid?
The R&D Tax Credits scheme provides two primary sources of relief:
1.
Corporation Tax Reduction
If your company is profit-making, the tax liability can be reduced (or a tax refund obtained for historical periods) by the value of the claim.
2.
Cash Payment
For loss-making companies, a 10/14.5% tax credit may be available, offering between 16-33% of eligible R&D expenditure back to your business.
Drive your Renewable Energy Business Forward
Explore how R&D Tax Credits and Grant Funding can transform your business. From advancing technology to scaling operations, we’re here to support your journey to a greener future.
- Expert Guidance: Our thorough understanding of R&D Tax Credits and Grant Funding schemes help us identify the opportunities best suited to your business.
- Tailored Approach: Every business is unique so we take the time to understand your projects, ensuring you claim the eligible funding you are entitled to.
- End-to-End Support: From assessing eligibility to preparing and submitting claims, we handle every step of the process with precision and care.
- Grant Applications: Beyond tax incentives, we assist you in identifying and applying for grant funding competitions which align with your growth objectives.
How much is the R&D Tax Credit Relief Scheme worth?
Tax Incentives and Grants for Renewable Energy Projects
Post April 2024: Up to 21.5% Net Benefit
Post April 2023: Up to 16.2% Net Benefit
Post April 2023: Up to 26.97% Net Benefit
Post April 2024: Up to 16.2% Net Benefit
R&D Tax Credits Claim Process
01.
Introduction
We arrange a meeting to discuss your business, qualifying criteria and how they might impact on one another.
02.
Prequalification
We conduct a thorough assessment to ensure your activities/projects comply with the incentive criteria.
03.
Information Gathering
We work closely with your key personnel to gather all the information required to support your application.
04.
Report Compilation & Review
We draft your application and forward you a copy for review to provide reassurance that the content is a true representation of your application.
05.
QA & Submission
Once you are happy with the application draft, we conduct an internal quality assurance check to ensure all requirements are satisfied before formal submission.
Grants Funding for Renewable Energy
Tax Incentives and Grants for Renewable Energy Projects
Grant Funding is a government-backed initiative designed to support businesses by providing financial assistance to drive growth and innovation across various sectors, from start-ups aiming to establish themselves to established companies looking to scale up.
Grant Funding accelerates ambition, turns visions into reality, and enables businesses to explore new opportunities, develop innovative solutions, and achieve long-term success.
Which activities would qualify for Grant Funding?
Grant funding can provide the financial boost your renewable energy projects need, whether you’re scaling operations, investing in new technologies, or collaborating with industry partners.
Innovation Tax continuously monitor the market for funding competitions and opportunities available to UK companies. Although each grant awarding body has different priorities across various sectors, they target to ensure only the best projects are funded. The range of activities which can be supported by grant funding are many and varied, including:
- Developing advanced renewable energy technologies (e.g. next-gen solar, wind).
- Grants for pilot projects in offshore wind and tidal energy systems.
- Support for large-scale battery storage and grid optimization solutions.
- Funding for collaborative projects on bioenergy and biofuels.
- Regional grants for renewable energy installations in underserved areas.
- Support for developing carbon capture and storage technologies.
- Energy-efficient manufacturing for renewable energy components.
- Integrating AI and machine learning in energy management systems.
- Pilot funding for hybrid energy systems combining multiple renewable sources.
- Export grants for scaling renewable technologies in international markets.
- Developing advanced waste-to-energy technologies.
- Innovations in renewable energy microgrid systems for remote areas.
What Grants are available for Renewable Energy Projects?
Tax Incentives and Grants for Renewable Energy Projects
01.
Innovate UK
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02.
UKRI
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03.
SBRI Healthcare
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04.
Govt. Departments
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05.
Industrial Strategy Council
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06.
Councils & Growth Hubs
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07.
European Innovation Council
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08.
Horizon Europe - EU Commission
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How can we help
Navigating the grant landscape can be complex. We guide you through identifying the most relevant opportunities, preparing applications, and securing the funding you need to lead in innovation.
Transform Renewable Energy Innovation
Unlock the financial incentives you deserve with R&D Tax Credits, Energy Tax Incentives and apply for Grants. From innovative solar solutions to cutting-edge wind power projects, we’re here to empower your transition to a sustainable future.
Tax Incentives and Grants for Renewable Energy Projects
Schedule a free consultation with our specialists to explore your opportunities.
Other services to access funding
Tax Incentives and Grants for Renewable Energy Projects
Capital Allowances →
We help businesses in identifying and claiming eligible expenditure on commercial property expenditure incurred on the acquisition and fit-out costs.
Patent Box →
Our Patent Box service aids companies in benefiting from reduced tax rates on profits derived from patented inventions, providing substantial tax relief
HMRC Enquiry Support →
We provide expert assistance in responding to HMRC enquiries, ensuring the response is clear, sufficiently detailed and in-line with HMRC's expectations.
Unlock Savings Take Action Now!
Your Trusted Partner in Renewable Energy Innovation
Serving renewable energy companies across the UK, we’re committed to helping you achieve your innovation goals and maximise financial growth. Don’t let another day go by without exploring your potential savings. Here’s how to get started:
- Free Consultation: Submit a form request to schedule a no-obligation chat with one of our experts.
- Quick Assessment: We'll rapidly evaluate your potential for CCL relief.
- Custom Strategy: Receive a tailored plan to maximise your tax savings / funding.