2024 Update to MACRS Bonus Depreciation #139
adfarth
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The default MACRS Bonus Depreciation for CHP, ElectricStorage (Battery), ColdThermalStorage, HotThermalStorage, GHP, PV, and Wind has been updated from 80% to 60%. This aligns with the Tax Cuts and Jobs Act of 2017, which specified that bonus depreciation would step down by 20% each year, starting with a drop to 80% in 2023. See DSIRE for more information.
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