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MACRS

MODIFIED ACCELERATED COST RECOVERY SYSTEM

Filling Out Tax Form

Modified Accelerated Cost Recovery System (MACRS) (this one will be under the solar and EV) 

 

The second Federal commercial solar incentive is the Modified Accelerated Cost Recovery System (MACRS). MACRS is a depreciation plan that allows business owners to recover depreciation costs on their solar investments through tax deductions.  Note: The Tax Cuts and Jobs Act of 2017 increased bonus depreciation to 100% for qualified property acquired and placed in service after September 27, 2017 and before January 1, 2023. Bonus depreciation steps down by 20% each year beginning with 80% in 2023..   

 

Details on the tax credit
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