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Accelerated Depreciation
A Find out how Accelerated Depreciation applies to your renewable energy equipment and what it means for your business or organization as a tax write off. Learn about The Modified Accelerated Cost-Recovery System (MACRS) and other Solar Incentive information. |
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What is Accelerated Depreciation for Solar Energy Equipment? |
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According to The Modified Accelerated Cost-Recovery System (MACRS), the federal government allows accelerated depreciation for a variety of different renewable energy applica- tions. For wind, solar and geothermal equipment installed after 1986 the permitted property class is five years. Also, the federal stimulus legislation of October 2008 and Febru- ary 2009 contains a one-time, 50% bonus depreciation for systems purchased and set up in 2008 and 2009.
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