Accelerated Depreciation for Environmental Investment. (Depreciación acelerada para inversiones que reportan beneficios ambientales)

Source: JOIN IEA/IRENA Policy and Measures Database
Last updated: 4 June 2013

Starting in early 2005, investments in environmentally friendly technologies, including renewable energy technology could benefit from accelerated depreciation. Investors are thus allowed to deduct up to 100% of the investment in the first year for renewable energy projects, as defined in articles 21, 22 and 23bis of the General Law for Ecological Equilibrium and Environmental Protection. The new regulation states that the plant must remain in operation for at least five years and serve productive purposes, following the tax deduction declaration; otherwise complementary declarations are obligatory.

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