MA Renewables outlines Commercial financial incentives

We feel that educated customers make the best decisions. We provide every aspect of renewable energy, even the financial side. We have listed the "green benefits" of investing in renewable energy. We take each customer through these incentives to help determine which ones can be best used by the customer.


Check back periodically because we will have a breakdown on our website on all the specifics of the incentives



Modified Accelerated Cost-Recovery System (MACRS)

This accelerated depreciation schedule covers a variety of renewable energy technologies that have five

year MACRS schedules (solar PV and solar thermal, fuel cells and micro turbines, geothermal electric,

direct use geothermal and geothermal heat pumps, small wind, and combined heat and power), and some

biomass properties that have seven year MACRS schedules. For details on MACRS review the

Publication 946, IRS Form 4562: Depreciation and Amortization, and Instructions for Form 4562.

Bonus Depreciation

The federal Economic Stimulus Act of 2008, enacted in February 2008, included a 50% bonus

depreciation provision for eligible renewable-energy systems acquired and placed in service in 2008. This

provision was extended (retroactively to the entire 2009 tax year) under the same terms by The American

Recovery and Reinvestment Act of 2009 enacted in February 2009.

To qualify for bonus depreciation, a project must satisfy these criteria:


Depreciation rules;

The property must have a recovery period of 20 years or less under normal federal tax. The original use of the property must commence with the taxpayer claiming the deduction; The property generally must have been acquired during 2008 or 2009; and in 2010).

If the property meets these requirements, the owner is entitled to deduct 50% of the adjusted cost basis in

the first year (2008,9-2010) and the remaining 50% along the ordinary depreciation schedule. Refer to

the IRS guidance document for bonus depreciation for details


Energy Efficient Commercial Building Tax Deduction

Owners of new and existing buildings can receive $0.30 - %1.80 per square foot for energy efficiency

upgrades to the Lights, HVAC system, building envelop, and the hot water system.