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75k (£)

Claim Value

1.5bn (£)

Tax Relief Paid
to Sector in 2022

Multicoloured farming fields with wind turbine - tax credits for energy companies

Energy Tax Services

Funding Types

Research & Development Tax Credits

Average Payout Time

6 - 12 Weeks

Eligible Activities

  • Developing new ways to generate electricity from renewable sources, such as solar and wind power

  • Developing new ways to improve the efficiency of energy use, such as through better insulation and more efficient appliances

  • Conducting market research to identify new opportunities for energy efficiency and renewable energy

  • Testing a new battery technology for use in electric vehicles

Please note that this is not an exhaustive list and if you are unsure whether your activities qualify, please feel free to contact us to find out more.

Key Contacts

Kane Keys RDI Solutions

Kane Keys

Tax Incentive Consultant

Fred Fisher RDI Solutions

Fred Fisher

Tax Incentive Consultant

Tax credits for energy companies

Tax Refunds 101 for UK Energy Companies

The UK energy sector encompasses industries involved in the production, distribution, and supply of energy, including renewable energy sources, fossil fuels, and nuclear power.
Successfully claiming tax refunds can bring several benefits to this sector:

Renewable Energy Investments
Tax refunds can incentivise investments in renewable energy projects, such as wind, solar, hydro, and biomass. These investments contribute to the expansion of clean energy sources, reduce greenhouse gas emissions, and promote sustainability in the energy sector.

Energy Efficiency Measures
Tax refunds can be allocated to implementing energy efficiency measures in buildings, infrastructure, and industrial processes. This includes adopting energy-efficient technologies, improving insulation, and optimising energy consumption. Energy efficiency initiatives help reduce energy waste, lower carbon footprint, and enhance the overall sustainability of the sector.

Research and Development (R&D)
Tax refunds can support R&D activities focused on improving energy production, storage, and distribution technologies. This includes developing innovative solutions for renewable energy integration, grid management, and energy storage systems. R&D investments drive technological advancements, enhance energy efficiency, and foster industry innovation.

Infrastructure Development
Tax refunds can be used to invest in infrastructure development, including the construction and maintenance of power plants, transmission networks, and distribution systems. Upgraded infrastructure improves energy delivery, reduces transmission losses, and enhances grid reliability.

Carbon Capture and Storage (CCS)
Tax refunds can support CCS initiatives aimed at capturing and storing carbon emissions from power plants and industrial facilities. Investing in CCS technologies helps reduce greenhouse gas emissions, mitigate climate change impacts, and support the transition to a low-carbon economy.

Skills Development and Workforce Training
Tax refunds can be allocated to skill development programs and workforce training initiatives. This includes providing training in renewable energy technologies, energy management, and safety practices. A skilled workforce contributes to the growth of the sector, ensures operational efficiency, and supports the adoption of new technologies.

International Partnerships and Collaborations
Tax refunds can support international partnerships and collaborations in the energy sector. This includes participating in joint research projects, sharing best practices, and exploring opportunities for knowledge exchange. International collaborations enhance the UK energy sector's competitiveness, foster innovation, and facilitate the adoption of global energy solutions.

Successfully claiming tax refunds in the UK energy sector supports renewable energy investments, energy efficiency measures, R&D, infrastructure development, CCS initiatives, skills development, and international collaborations. These benefits contribute to the transition to clean energy, reduction of carbon emissions, technological advancements, and overall sustainability in the energy sector.

Wind turbine - tax credits for energy companies
Solar Panels
Image of electrical pylons - tax credits for enegy companies

Our Tax Services for the Energy Sector

Our in-house expert Research & Development tax consultants can help you to identify which government tax schemes you are eligible for and to make the most of what's available.

tax credits for energy businesses

A government tax incentive that can be claimed by any business that invests in Research and Development.

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