Title: Modified Accelerated Cost-Recovery System (MACRS) and Bonus Corporate Depreciation – Federal Energy Incentive
Details:
The Modified Accelerated Cost-Recovery System (MACRS) and Bonus Corporate Depreciation is an Industrial, Agricultural, and Commercial program for those who have energy efficient improvements made with the following: Solar Thermal Process Heat, Photovoltaic, Landfill Gas, Wind, Biomass, Geothermal Electric, Fuel Cells, Geothermal Heat Pumps, Municipal Solid Waste, CHP/Cogeneration, Solar Hybrid Lighting, Anaerobic Digestion, Fuel Cells using Renewable Fuels, Micro turbines, Geothermal Direct-Use, Solar Water Heat, Solar Space Heat, and Solar Thermal Electric. The following legislation set up this program: 26 USC § 168, 26 USC § 48 , H.R. 4853, and IRS Rev. Proc. 2011-26. For more details use the following links and contact below:
Contact for more information:
Public Information – IRS
U.S. Internal Revenue Service
1111 Constitution Avenue, N.W.
Washington, DC 20224
Phone: (800) 829-1040
Web Site: http://www.irs.gov
