Certain qualified clean energy facilities, property and technology placed in service after 2024 may be classified as 5-year property via the modified accelerated cost recovery system (MACRS) under Provision 13703 of the Inflation Reduction Act of 2022. On this page Who qualifies Qualified facilities, property and energy storage technology Amount of deduction How to claim the deduction Who qualifies Owners of qualified facilities, property and energy storage technology placed into service after December 31, 2024, may be eligible for the 5-year MACRS depreciation deduction. Qualified facilities, property and energy storage technology The following property may qualify when placed in service after December 31, 2024: Qualified facility as defined in 26 U.S. Code Section 45Y(b)(1)(A) Qualified property as defined in 26 U.S. Code Section 48E(b)(2), which is a qualified investment as defined in 26 U.S. Code Section 48E(b)(1) Energy storage technology as defined in 26 U.S. Code Section 48E(c)(2) Amount of deduction Under Internal Revenue Code Section 168(e)(3)(B), qualified facilities, qualified property and energy storage technology are considered 5-year property. These types of property are recoverable under the MACRS. How to claim the deduction The deduction is claimed on Form 4562, Depreciation and Amortization . Related Credits and deductions under the Inflation Reduction Act of 2022
