At JLK Mechanical Heating & Cooling, we’re here to help your business maintain its comfort throughout the year as efficiently and cost-effectively as possible. This is why we’re excited to tell you about Section 179 of the Tax Cuts and Jobs Act of 2017, which allows new HVAC products to be expensed in their first year instead of depreciated over a 39-year period.
Currently, we offer a full lineup of HVAC equipment that qualifies for this new benefit through Section 179. As your HVAC services provider, we can go over your options for retrofitting, upgrading, or updating your HVAC system, so you can take advantage of immediate 2018 tax benefits in addition to tax benefits for the following five years. This equipment can include:
- Packaged heat pump roofing units
- Packaged cooling and heating rooftop units
- Commercial split system heat pumps
- Commercial split system evaporator units
- Control systems
- Energy recovery ventilators
Please note that you must purchase and have the new equipment installed by December 31, 2018 to take advantage of this new benefit and deduct the full price of it on your taxes for 2018.
There’s still plenty of time for you to take advantage of this new tax benefit for 2018! If you have questions or want to explore your options for upgrading your current HVAC equipment, contact us at JLK Mechanical Heating & Cooling.