Country:United States
Year:1981
Policy status:Superseded
Date Effective:1981
Policy Type:Economic Instruments>Fiscal/financial incentives>Tax relief
Renewable Energy Policy Targets:Multiple RE Sources
Policy Sector:Multi-sectoral Policy
Size of Plant Targeted:Small
Renewable Energy Description:

This Act allowed for an Accelerated Cost Recovery System (ACRS) by which businesses can recover investments in solar, wind and geothermal property through depreciation deductions. The ACRS establishes the time over which various types of property may be depreciated (5-50 years). The current ACRS allows wind, solar and geothermal property placed in service after 1986 to be depreciated over five years.

This record is superseded by:Modified Accelerated Cost Recovery System (MACRS)

Last modified: Thu, 14 Mar 2013 16:08:52 CET