Year-End Capital Spending

The holiday season and year-end are quickly approaching.  If you are managing a capital budget, now is a good time to check your spending and see if there is money remaining.  A great way to spend that remaining capital budget is 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.  Eldridge can show you how to quantify the benefits and the payback period for a ventilation system investment.  For additional information on the topic of heat impact on worker productivity check out our blog on February 5, 2019.

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 2019, the equipment must be purchased and placed into service before December 31^st.

Conclusion

Now is a good time to call 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 because 2020 will be here before you know it.