Section 179: Major Tax Break for Commercial HVAC Equipment
Congress passed a bill known as the Tax Cuts and Jobs Act (TCJA) stating “taxpayer may elect to treat the cost of any section 179 property as an expense which is not chargeable to capital account. Any cost so treated shall be allowed as Qualified Real Property applicable includes heating, ventilation, and air-conditioning property.” The Section 179 Deduction is a compelling financial incentive for commercial clients to replace old, devaluing equipment or upgrade to new, high efficiency systems.
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National Grid Energy Rebate Program: ERV Custom Express
National Grid developed a utility incentive program for Energy Recovery Ventilation in the Northeast territory.
ERV Custom Express has been designed for both New and Retrofit ERV applications and produces upfront incentive values to offset up to 75% of the incremental cost of the ERV.
ERV Custom Express can be used by building owners and consulting engineers to quantify ERV incentives and paybacks upfront in the design process or when planning the replacement of older HVAC systems. National Grid’s generous “Custom Express” program offers significant cash rebates for new and replacement ERV upgrades.
Not from the Northeast? Check with your local utility provider for similar rebate programs!
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