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HVAC Installation
We help contractors maximize results and reduce costs
Evergreen has over 4 decades of experience as a family-owned and operated HVAC contractor. With the industry's best installers, foremen, project managers and engineers, we have the personnel and resources to install your new HVAC system on time and on budget. Our skilled, experienced installers and managers work intelligently to streamline the installation process, and work hand in hand in coordination with our customers to make sure the project is completed to design specifications.
Write off 100% of qualifying facility improvement costs!
When you install HVAC interior ductwork to your building you get a tax deduction for the project costs. The CARES Act allows a full deduction of certain project costs in a single year, without limitation on the size of the project. Now is the time to make that major facility upgrade you have been needing!
WHAT FACILITES QUALIFY FOR THE FULL DEDUCTION?
Qualified improvement properties (QIPs), including:
- Hospitals and healthcare facilites
- Office buildings
- Factories and plants
- Logistics facilities
- Any other non-residential property
WHAT ISN'T INCLUDED IN QIPS?
- New construction
- Upgrades to the facility's structure (e.g., expansions, remodeling, etc.)
- External envelope of the building (e.g., windows, doors, roof cladding)
- Residential structures
- Certain equipment (e.g., elevators)
WHAT FACILITY UPGRADES CAN BENEFIT?
Non-structural upgrades (including both equipment and installation costs) to the interior envelope of existing facilities, including:
- Building management systems
- Sensors, valves, actuators, & other HVAC devices
- Uninterruptible power supplies, switchgear, and other electrical distribution equipment
WHAT ELSE DO YOU NEED TO KNOW ABOUT THE SECTION 168 DEDUCTION?
- There's no limit on the cost of equipment that can be expensed
- You can combine it with other incentives, such as renewable energy tax credits and utility rebates
EXAMPLE CASH SAVINGS OF A QIP PROJECT COST
A fictional hospital invests $1,000,000 in a humidifier system upgrade replacing a number of outdated units with a Condair DL Series hybrid humidifier package. The chart shows the tax benefits before and after the changes the CARES Act made to Section 168 of the tax code. The benefit of the accelerated depreciation results in a cash savings of $204,615 in year one.
If you combine the savings of the CARES Act along with local state rebates for energy tax credits or utility rebates, your savings can be increased even further.
This example is fictional, not a guarantee of actual savings, and is not intended to be tax or legal advice. Tax calculations are complex; consult your tax advisor for more specific guidance.
HVAC INSTALLATION AT EVERGREEN
