New Tax Break Can Help Your Business Get Ready for Summer

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New Tax Break Can Help Your Business Get Ready for Summer

The ski season is behind us, but there’s no rest for business owners and their commercial heating and air conditioning systems. Let Climate Control Company make sure your units are ready for the rush of summer tourists. A family that has planned its vacation around, say the Downtown Aspen Art Festival, is going to be really disappointed with an air conditioning breakdown in your rental property, restaurant, or retail business.

Their bad experience can cause a real problem for your business reputation when they tell friends and families. Don’t take that chance. If you haven’t already, call Climate Control right now to schedule your commercial HVAC Maintenance. We will make sure your equipment is in tip-top shape.

We also want to make sure you know about the three most important numbers for business owners to remember, 1, 7, & 9. Put them together and you have 179, as in Section 179 of the business tax code. It was drastically changed as part of the Tax Cut and Jobs Act passed by congress. This is REALLY good for businesses, and can mean a huge tax deduction for investing in your HVAC systems.

In the past, a business owner had to treat HVAC purchases as capital expenditures, meaning the cost had to be depreciated over 39 years. Now the costs of HVAC upgrades are included as a section 179 expense and can be written off immediately. But the good news doesn’t stop there. The section 179 deduction limit was also raised to $1,000,000 up from $500,000. That’s right, you can now write off up to one million dollars in HVAC costs immediately.

We will let you crunch the numbers with the people you depend on to handle those things for you, but these changes mean this is the best possible time to make HVAC improvements in your hotel, resort, condominium development, restaurant, or retail business.

Climate Control considers this to be a win-win situation. The tax advantages not only decrease the effective cost of HVAC upgrades, but you’ll also be getting newer, more efficient systems. You will almost certainly be saving money every month on your heating and cooling costs. The upgrade will also add to the value of your real estate holdings, whether it’s an office building or manufacturing plant. Call us now to learn more about how your business can take advantage.

Whether you are a business owner looking to take advantage of HVAC tax rebates under the new Section 179 rules, or a homeowner who wants to be prepared for the hot summer weather, now is the time to call Climate Control Company, your heating and air conditioning experts for Vail, Aspen, and Glenwood Springs. We are, “Comfort Driven, Colorado Style Since 1956.”

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