If you have held-off using your 2021 capital equipment budget, now is the time to place your orders to have the equipment delivered and installed by year-end. Most US manufacturers are dealing with material shortages, labor challenges and freight issues. All of these problems have contributed to historically long lead times for US manufactured capital equipment. We don’t expect the problem of long lead times to get better anytime soon. That means you need to plan now for year-end capital equipment purchases.
Win-Win Investment
Using your year-end capital equipment budget to purchase ventilation equipment is a win-win for employees and the company. Whether it is adding heaters for the winter months or fans for the summer months, employee productivity can be increased by creating a comfortable and healthy indoor environment. Happy, healthy and productive employees are good for a company’s bottom line. An Eldridge ventilation expert can show you how to quantify the benefits and the payback period for an investment in ventilation equipment.
Tax Deduction
Not only is an investment in ventilation equipment good for a company’s bottom line, it is also good for a tax deduction as well. Section 179 provides a qualifying company with the ability to take a full deduction for ventilation equipment purchases and the related installation costs. You must purchase and place the equipment into service before mid-night on December 31st to use the deduction in 2021.
Conclusion
Now is a good time to contact an Eldridge ventilation expert about your year-end capital equipment purchases. We can design the perfect ventilation system to meet your specific needs, order the equipment and have it all installed before year-end. Don’t hesitate because the year-end will be here before you know it.