Sometimes, wearing the boss’s hat isn’t all it’s cracked up to be, especially when it comes to prioritizing the allocation of funds. With all the overhead and day-to-day expense of running your small business, it is easy to push some things down the totem pole a bit.
Maybe that is the case with your company’s HVAC system. It hasn’t managed your office climate control as quickly or efficiently as you and your employees like, but it’s still getting the job done. Besides, not being able to claim the tax deduction for such an expense in its entirety during the current fiscal year has tarnished the appeal of purchasing and installing a new heating and cooling system.
If that is the world you and your business have found yourself living in recently, well … check this out. With the recently passed Section 179 Tax Cuts and Jobs Act, 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 a new $150,000 commercial HVAC system before Dec. 31, 2018, you can write off the entire $150,000 this year. Check with your accountant for the final savings on the purchase price, but needless to say it will be significant, making it for all intents and purposes a nice HVAC tax rebate.
Here at Mast Heating & Cooling, we are ready to help our customers in the Holland, Zeeland, Grand Rapids, Kentwood and Wyoming, Michigan 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 are offering additional savings of $500 when you purchase a qualifying Trane system. Call us today for more info on this special offer and special financing options available.
And for all of our residential customers, now is a good time for you to join the party, too. Right now, the weather is pretty sweet in our area. But, we all know summer is bearing down and it won’t be too long before the demands on your system – and the overall demand for air conditioning service, repair or replacement – goes through the roof. So, act today to beat the rush. Prices will be better, selections more plentiful and the stress level more tolerable. Call Mast Heating & Cooling to find out about all the options we have for new, more efficient air conditioning system replacements.