R&D Tax Credit for Energy & Gas

Companies involved in the Energy and Gas Industry strive to improve their competitive position, in part, by continual research and development efforts aimed at expanding the company's range of product applications and delivery systems. Electrical, mechanical, and environmental engineers expend substantial portions of their time devising or improving the performance of their product offerings and systems that deliver their products to their customers. As a result, these companies often see a significant benefit from both the federal and state R&D tax incentives. Examples of energy equipment activities that present R&D tax credit opportunities include:

  • Designing and developing new or improved electrical switching systems
  • Designing and developing laminated structures for use in the manufacture of photovoltaic cells
  • Devising test methodologies for high-capacity battery systems
  • Designing and developing thermal-efficient high-power transformers

Businesses in the Energy and Gas industry are likely candidates to receive cash benefits from an R&D tax credit study. Intrepid Advisors' experts can deliver maximum benefits for each tax year.

Company Profile

Annual Revenue:
$25 - $50 Million

Employees:
150 - 200

R&D Tax Credits

Federal R&D Tax Credit:
$264,377

State R&D Tax Credit:
$85,394

R&D Tax Credit for Energy & Gas

Learn More About R&D Tax Credits