85% Commercial Solar PV System tax write off
Did you know that commercial solar installations are allowed to write off 85% of the total cost of their system? It’s called the Modified Accelerated Cost Recovery System (MACRS).
The MACRS is an accelerated depreciation write-off. When taken in conjunction with the ITC, the MACRS allows a company to write off 85% of the total cost of the PV system in addition to the 26% tax credit. This depreciation write-off can be applied in it’s entirety the same tax-year as the PV system is installed, or it can be applied over the course of as many years as necessary!
Man it sure does feel good to do the right thing!
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