Building Owners Earn Big Tax Break for New HVAC

2 MIN READ
We recently heard some great news from our tax advisors: Cambridge Engineering customers can immediately deduct 50 percent of the cost of our HVAC equipment when it is installed as a retrofit in a commercial building. The new rule applies to a variety of building improvements and renovations made in 2016 and 2017 – and HVAC equipment is included as an eligible deduction. This is a big win for building owners! If you’ve been considering replacing your facility’s old or inefficient space heating and ventilation equipment, now is the time to do it.  The 50 percent “bonus deduction” will taper down to lower percentages after 2017, and will go away completely in 2020.

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