With the April 15th tax deadline right around the corner and recent buzz regarding the new tax code, there are tremendous tax savings opportunities for small businesses on HVAC equipment.

 

Regardless of your political views, now could be an excellent time for small businesses to consider investments in HVAC equipment. According the to the U.S. government website for the new tax code section 179, “Essentially, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year.”

 

This deduction represents savings benefits for small businesses. The government website includes an example calculation to help explain it. For a new equipment purchase of $1,150,000, the estimated cash savings is around $400,000.

 

As an HVAC contractor, 2018 might be a worthwhile time to invest in equipment from basic necessities like computers to new technologies for business growth. For fun, we did some Google searching of different residential HVAC technologies for potential investment ideas and below are some ideas we thought were interesting.

 

What do you think of the below HVAC technologies?

  • Geothermal Systems
  • Automated Homes
  • Smart Devices for Technicians (e.g. Smart Glasses)
  • Aeroseal Duct Sealing
  • Internet of Things Diagnostic Tools

 

Leave a comment below with your thoughts. Is there something that we missed that should be on the list? What do you think are hot equipment or technology investments for HVAC contractors in 2018?