{"id":17038,"date":"2023-03-23T19:20:04","date_gmt":"2023-03-23T19:20:04","guid":{"rendered":"https:\/\/leyton.com\/us\/?post_type=case_study&p=17038"},"modified":"2024-09-13T17:31:54","modified_gmt":"2024-09-13T17:31:54","slug":"groundwork-renewables-substantial-credits","status":"publish","type":"case_study","link":"https:\/\/leyton.com\/us\/insights\/case-study\/groundwork-renewables-substantial-credits\/","title":{"rendered":"R&D Case Study: GroundWork Renewables’ substantial Credits"},"content":{"rendered":"
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Reference Solar Data Expert Qualifies for Government Incentive<\/h3>\n

Discover how GroundWork Renewables, a renewable energy company with a mission to accelerate the success of solar in leading utility-scale energy production, was able to benefit from the R&D Tax Credit from 2018-2022. <\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div><\/section>\n\n

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How They Were Innovating<\/h3>\n

Throughout the design and development process, GroundWork Renewables applied principles of Electrical Engineering, Material Science, Mechanical Engineering, and Computer Science to overcome the project\u2019s technical uncertainties. Specifically, they applied these principles to design an I-V curve tracer, cloud-based software platforms, and data management systems. GroundWork Renewables also designed a custom trailer and engineering<\/strong> products for irradiance measurement systems and more for clients in the solar<\/strong> industry.
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Impact of the R&D Tax Credit<\/h3>\n

By leveraging the expertise of Leyton’s technical and tax experts, Groundwork Renewables was able to claim a substantial amount through the Research & Development Tax Credit<\/mark><\/a>.<\/mark><\/strong> This allowed the company to focus on developing client relationships while also receiving another source of cash flow. The influx in cash has made it possible for them to purchase new raw materials and hire employees to support future growth.<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div><\/section>\n\n

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GroundWork Renewables Qualified R&D Projects <\/h2>\n