At the start of the year, replacing your building’s commercial HVAC system may not have been at the top of the list of 2018 improvements. And maybe it wasn’t in 2017 or 2016, either. In other words, you have been putting it off and you know it. One reason is because you haven’t been able to deduct the entire expense. Purchasing a $150,000 or higher heating and cooling system for your business and only being able to deduct $20,000 of that at a time over several years is not enough of a business tax incentive to make it happen. Unfortunately, you can’t put it off any longer. Your old air conditioner is not getting the job done, and with the Lubbock heat bearing down on us, replacing it has moved to the top of the totem pole.
If this is the position you find yourself in, then you need to check out the recently passed Section 179 Tax Cuts and Jobs Act. As part of this legislation passed in 2017, the depreciation rate for business equipment purchases has been increased from 50% to 100% and can be expensed in the first year. For example, if you pull the trigger on the afore-mentioned new $150,000 commercial HVAC system before Dec. 31, 2018, you can write off the entire $150,000 this year. Your accountant can crunch the numbers and give you the final savings on the purchase price, but this is for all intents and purposes a significant HVAC tax rebate. For more on this important legislation for business owners, go to Section179.org.
Here at Armstrong Plumbing, Air & Electric we are ready to help our customers in the Lubbock and West Texas areas make the commercial heating and cooling improvements they need. That’s why in addition to making sure you know about the Section 179 benefits, we urge you to call us today to find out about the great prices we offer on Lennox and American Standard heating and cooling systems. We can tailor a system specifically for your business or commercial property, and there are special financing options available.
And for all of our residential customers, now is a good time for you to jump in the pool, too. Yes, it is already getting pretty toasty, but we all know it will get hotter. This means the demands on your system—and the overall demand for air conditioning service, repair or replacement—will soon get out of hand. So, act today before your air conditioning problem becomes an emergency. Prices will be better, selections more available, and the stress level more manageable. Better call Armstrong to find out about all the options we have for new, more efficient air conditioning system replacements.