Qualifying R&D project 1.
Triple Solar (TS) aimed to develop a solar panel design software to streamline their design process and improve efficiency. The project began with defining software requirements and designing the user interface. They collaborated with software specialists to develop simulation algorithms, optimize performance, and integrate a solar panel database.
Throughout the project, TS faced challenges such as technical complexity, data management, accuracy, and user experience. They overcame these challenges by consulting with experts, implementing cloud-based data solutions, conducting rigorous testing, and gathering user feedback.
By the end of the project, TS successfully developed a user-friendly design software that accurately predicts solar panel system performance and optimizes costs. The software has allowed TS to make informed decisions and identify opportunities for cost reduction, resulting in improved ROI and enhanced solar panel designs.
This project qualified for R&D under the guidelines, as it involved the development of a novel software that incorporated an increase in overall knowledge and capabilities in the solar panel industry. The project addressed uncertainties in technical complexity, data management, and accuracy, which required research, consultation, and testing to resolve. Moreover, the software made an appreciable improvement to the existing solar panel design process by automating calculations, enhancing efficiency, and providing a more user-friendly interface. These advancements aligned with the R&D guidelines, allowing Triple Solar to benefit from the R&D incentives.