The Research & Development Tax Credit
- New or improved products, processes, or software
- Technological in nature
- Elimination of uncertainty
- Process of experimentation
Eligible costs include employee wages, cost of supplies, cost of testing, contract research expenses, and costs associated with developing a patent. On December 18, 2015 President Obama signed the bill making the R&D Tax Credit permanent. Beginning in 2016, the R&D credit can be used to offset Alternative Minimum Tax and startup businesses can utilize the credit against $250,000 per year in payroll taxes.
3D Printing Solar Advantages
3D printed panels can capture up to 20% more sunlight and be produced for 50% of current cost, according to Energydigital.com. 3D printing solar cells allows consumers and businesses to fully design and customize their solar panels precisely and quickly.
Blue Phoenix Solutions of Israel
John Licata chief strategist at Blue Phoenix has demonstrated new high tech uses in solar energy such as 3D printing. Blue Phoenix has developed new portable and flexible technology that comes at a reduced per watt cost less expensive than standard production by using 3D printing.
Victorian Organic Solar Cell Consortium (VICOSC) partnered with University of Melbourne, Australia
VICOSC
InfinityPV of Denmark
InfinityPV allows consumers to purchase their organic solar cells that are 3D printed and can be cut and connected by the purchaser with full customization available at a less expensive cost. They offer solar Tapes, Foils and Panels all customizable to be small or large scale at the discretion of the purchaser. Roll-to-Roll printing methods imply that entire rolls of solar cells can be produced and particular cuts of solar cells are available upon request. Using Roll-to-Roll printing and machinery, custom designs become cheaper and more precise. The manufacturing process allows for agile and cost-effective benefits for production at small and large volumes.
University of Toronto
The University of Toronto, Canada has cleared numerous manufacturing obstacles to develop low cost solar panels by using 3D printing. The University has manufactured light sensitive materials that can be turned into an ink like form to be printed onto glass, plastic or other materials used to attract sunlight at 30% higher efficiency. Their solar panels are capable of turning different surfaces into a source of electric power.
Conclusion
The evolution of 3D printing is enabling more businesses and consumers to discover more ways to be energy efficient and cost effective. Customization and modification of 3D printed solar cells has become more popular as the cost is declining and quality is increasing.
Ryan Donley and Charles Goulding of R&D Tax Savers discuss 3D printing and solar panels.