The holiday season and year-end are quickly approaching. If you are in the enviable position of budget remaining to make year-end capital equipment expenditures, a great way to spend it is an investment in ventilation equipment to create a cool and comfortable work environment for your employees.
Win-Win Investment
An investment in ventilation equipment is a win-win for employees and the company’s bottom line. Heat stress can cost a company money by reducing employee productivity and by increasing absenteeism and turn-over. A well designed ventilation system can pay for itself by reducing these heat related costs and create a successful work environment. Eldridge can show you how to quantify the benefits of and the payback period for a ventilation system investment for comfort cooling.
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. If you want to take advantage of the deduction in 2020, the equipment must be purchased and placed into service before December 31st.
Conclusion
Now is a good time to contact Eldridge about your ventilation equipment needs. We can design the perfect system to meet your specific needs, order the equipment and have it all installed before year-end. Don’t hesitate to plan your year-end capital equipment expenditures, because 2021 will be here before you know it.