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MACRS Depreciation and Renewable Energy Finance

MACRS Depreciation and Renewable Energy Finance

Full Title:  MACRS Depreciation and Renewable Energy Finance
Author(s):  Derek Dorn
Publisher(s): American Council on Renewable Energy
Publication Date: December 1, 2013
Full Text: Download Resource
Description (excerpt):

 

The Tax Code’s current depreciation system – known as MACRS – is essential in driving private
investment to renewable energy infrastructure. In turn, MACRS has served to immediately lower
consumers’ electricity costs, create high-paying American jobs, enhance energy independence, and reduce
greenhouse gas emissions. But in today’s tax reform discussions, some have suggested scaling-back
MACRS – or even replacing it altogether with “economic depreciation.” But as this White Paper, as
informed by our financial modeling, explains, an erosion of MACRS would have dramatically negative
implications for renewable energy – curtailing project deployment and slowing job growth while
significantly raising prices for consumers.

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