Georgia Patent of the Month – February 2023
As the world becomes increasingly aware of the negative impact of traditional energy sources, the use of alternative energy sources such as solar power is gaining momentum. However, the installation of solar panels on residential and commercial buildings can be inconvenient and costly, deterring many potential adopters. United Renewable Energy, LLC, a leading innovator in off-grid energy solutions, has developed a new solution that allows buildings to be powered without connecting to the national electric grid.
United Renewable Energy’s systems include solar panel racks that generate electrical power, which is stored in batteries installed in an enclosure separate from the building. The enclosure also includes inverters that convert the direct current (DC) electricity from the solar panels or batteries to alternating current (AC) electricity. The AC electricity can then be connected to the main electrical panel of the building to power it.
What sets United Renewable Energy’s systems apart is the use of predictive analytics to control generator use and/or electricity use. By analyzing historical electricity usage data for a building and weather and/or climate data for its location, the system can predict expected electricity demand and production by the solar panels. Based on these predictions, the system can control generator use or electricity use to ensure that the building is always powered efficiently.
By offering an off-grid energy solution that does not require the installation of solar panels on the building itself, United Renewable Energy is making it easier to adopt solar power. The company’s innovative use of predictive analytics to optimize energy use makes their systems even more appealing to those who are concerned about the cost and environmental impact of traditional energy sources. As the world continues to shift towards sustainable energy sources, United Renewable Energy is at the forefront of providing innovative solutions that make it easier and more affordable for everyone to make the transition.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
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The Research & Experimentation Tax Credit (or R&D Tax Credit), is a general business tax credit under Internal Revenue Code section 41 for companies that incur research and development (R&D) costs in the United States. The credits are a tax incentive for performing qualified research in the United States, resulting in a credit to a tax return. For the first three years of R&D claims, 6% of the total qualified research expenses (QRE) form the gross credit. In the 4th year of claims and beyond, a base amount is calculated, and an adjusted expense line is multiplied times 14%. Click here to learn more.
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