Accelerated depreciation: Difference between revisions
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Another federal tax break in the USA available to wind, in addition to the [[Production tax credit]], is provided by the “Modified Accelerated Cost-Recovery System” established in 1986. Utility-scale wind projects can be depreciated over an accelerated schedule of 5 years.[http://programs.dsireusa.org/system/program/detail/676] | Another federal tax break in the USA available to wind power investors, in addition to the [[Production tax credit]], is provided by the “Modified Accelerated Cost-Recovery System” established in 1986. Utility-scale wind projects can be depreciated over an accelerated schedule of 5 years.[http://programs.dsireusa.org/system/program/detail/676] | ||
Since 2008, wind projects could also claim “bonus” depreciation, a “special depreciation allowance”, of 50% in the first year that they are placed in service.[https://www.irs.gov/pub/irs-pdf/i4562.pdf] In 2018 it is 40%, and in 2019 30%.[http://programs.dsireusa.org/system/program/detail/676] Projects acquired and placed in service in 2011 were eligible for 100% “additional first-year depreciation deduction”.[https://www.irs.gov/pub/irs-drop/rp-11-26.pdf] | Since 2008, wind projects could also claim “bonus” depreciation, a “special depreciation allowance”, of 50% in the first year that they are placed in service.[https://www.irs.gov/pub/irs-pdf/i4562.pdf] In 2018 it is 40%, and in 2019 30%.[http://programs.dsireusa.org/system/program/detail/676] Projects acquired and placed in service in 2011 were eligible for 100% “additional first-year depreciation deduction”.[https://www.irs.gov/pub/irs-drop/rp-11-26.pdf] | ||
Revision as of 17:05, 2 December 2017
Another federal tax break in the USA available to wind power investors, in addition to the Production tax credit, is provided by the “Modified Accelerated Cost-Recovery System” established in 1986. Utility-scale wind projects can be depreciated over an accelerated schedule of 5 years.[1]
Since 2008, wind projects could also claim “bonus” depreciation, a “special depreciation allowance”, of 50% in the first year that they are placed in service.[2] In 2018 it is 40%, and in 2019 30%.[3] Projects acquired and placed in service in 2011 were eligible for 100% “additional first-year depreciation deduction”.[4]