Energy Services

R&D Tax Credit Examples, Hints & Tips To Maximise Value
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Energy Services

Energy Services is an ever growing sector within R&D due to it being at the forefront with the battle against climate change. Companies are now developing more environmentally friendly ways of operating than ever before. Let us help you claim some of your costs back so that you can re-invest it for future R&D! 

We know that there are a lot of nuances regarding this incentive but that’s why specialists like ourselves are on the market. R&D is everywhere without you even necessarily realising this. We can conduct a casual meeting with yourself to understand your business, how you operate and what costs you’ve incurred that could qualify. 

4 Project Examples

Below are project examples that would qualify for R&D tax credits in Energy Services

Counting King Manufacturing Sector Specific R&D

Developing

Developing a way to integrate modern kitchens into listed buildings and providing a much more efficient way of using utilities in listed buildings.

Improving

The application of improving or developing alternative heating, cooling systems and developing bespoke plumbing or things such as air conditioning.

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Creating

Creating a unique and bespoke platform which is set to shape the way that Electricity, Gas, Steam and Air Conditioning function. For example, a petrol pump which automatically fills up the tank with the right amount.

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Sustainability

Developing ways of being more environmentally friendly to combat climate change.

Costs Which Don't Qualify

Sometimes the parts you may think qualify, don’t. Here are some examples of what doesn’t qualify in Energy Services

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Rent

Rent does not qualify for R&D Tax Credits under any circumstance.

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Google

Sounds like a silly thing, but if you can find your project or similar activity on a google search, then it's not R&D. You project must be one of its kind and answer challenges in your field.

Legal actions - Blue

Licences

If you have developed a branch of an existing system, the costs of maintenance will not be considered as qualifying expenditure.

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Purchasing Land

Purchasing land is another cost which will not qualify for the incentive. So for example, if you purchased land to develop the idea the land will not be allowed to be claim for.

How much could you receive in

Energy Services

Use our free calculator today and you could have a significant benefit amount within 28 days!

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Download our R&D Tax Relief Information

Find out how simple it is to claim R&D Tax Credits in Energy Services

Start Your Claim With Counting King Today!

Don’t hesitate on starting your claim. The government would like to say well done for your innovate hard work so check if you could be entitled to the money they are offering to support your business. With the Counting King simple process, we will go through if you are eligible and if you are we will go through the process and work out the amount you can claim.  It is a process we are experts in and will take the lead on producing for you.

We have you covered!

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Quick Q&A

In short, yes. The best thing to do is to figure out how much R&D you are doing, you should then be able to assign a proportion of your light, heat, water and power that was used for your R&D and amend your claim accordingly. 

One of the biggest portions of claims for the Research and Development tax incentive is circled around staff costs. Whether that might be people directly involved within the R&D or others who might be indirectly involved.

No, you do not need to create a new product to qualify for R&D Tax Credits. For example, if you made an advancement within a software that improves efficiency, this could be claimed for the R&D incentive. Anytime you have attempted an advancement in the Energy Services sector, whether this worked or not, could still have the potential to be a qualifying activity.

In 2020, there were only 105 claims processed by HMRC for the Energy Services sector. On average you could receive £95,238 for your successful claim, which is one of the highest paying sectors for the incentive.

There has never been a better time to put your claim in for the R&D Tax Relief Incentive.

Where do we start? You can claim for:

  • New adaptations to current applications
  • New, bespoke heating, gas, electricity or air conditioning development
  • Innovating new bespoke ways to adapt to Climate Change
  • A portion of your utilities bill
  • Subcontractors (up to 65%)

Yes! You are able to claim for unsuccessful projects as this falls under the ‘uncertainty’ you faced during the Research and Development you undertook.

Examples of uncertainty for R&D are;

  • Attempting to fix an issue with an application that does not meet the requirements however being unable to resolve the issue
  • Managing environmental factors, decreasing your carbon footprint during  your manufacturing process 
  • If an innovative idea didn’t work as planned but you have still endured costs throughout the idea

Find more about R&D in your sector!

Depending on your company size, you may qualify under the RDEC scheme (Research and Development Expenditure Credit) or under SME incentive (Small Medium Enterprises).

Find out more about your eligibility today.

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