← All states
Corporate Depreciation (Modified Accelerated Cost-Recovery System)
Hawaii — state program50% bonus depreciation (before January 1, 2018); 40% bonus depreciation (2018); 30% bonus depreciation (2019)
Under the federal MACRS, businesses may recover investments in certain renewable energy properties through depreciation deductions. A number of renewable energy technologies are classified as five-year property. Bonus depreciation was available at 50% for equipment placed in service before January 1, 2018, 40% for 2018, and 30% for 2019.
Program details
- Type
- incentive
- Amount
- 50% bonus depreciation (before January 1, 2018); 40% bonus depreciation (2018); 30% bonus depreciation (2019)
- Eligibility
- Businesses investing in renewable energy technologies classified as five-year property under 26 USC § 168(e)(3)(B)(vi).
Source: Hawaii — state program. Confirm current terms with the administering agency before applying.