|Those who own and manage buildings are looking for ways to safely balance occupancy, energy, and health as America gets back to business as usual.
With the recent significant changes to most local and state mandates, a return to near complete normal operations seems imminent. But, for the employees, students, and others who occupy these buildings, trusting the indoor environment remains a factor. It comes as no surprise that HVAC retrofits and indoor air quality (IAQ) initiatives have moved to the top of the priority list.
Now is the time to take advantage of incentives offered by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Over 330 pages long, one provision on page 283 of the CARES Act makes financing an HVAC retrofit particularly beneficial. Specifically, HVAC retrofits may qualify for bonus depreciation under IRC 168 through the CARES Act, which further amended the classification of “Qualified Improvement Property” (“QIP”) originally established under the Tax Cuts and Jobs Act (TCJA) of 2017. Even better, these amended rules apply retroactively and are especially beneficial when existing building systems are more than a decade old. More can be learned here on the IRS’s website.
At AQUIS, we specialize in air handler refurbishment and optimization – not in giving tax advice. But we know a great opportunity to help our customers when we see one, and this one is worth passing along.
So, what types of buildings and industries benefit most by taking advantage of these opportunities? Take a look:
A return to normal sure seems welcomed by all, but are you ready? Are your air handlers ready?
With AQUIS, ensuring indoor air quality doesn’t mean sacrificing energy efficiency. We offer peace of mind that the hygienic integrity of your facility’s air handling units are in peak condition, and cooling coils are restored to run optimally for maximum efficiency. This means energy savings and reduced maintenance costs.
Contact us today to schedule a consultation and complimentary assessment of your AHUs.
Below are some additional HVAC-related resources specific to Higher Education and Commercial/Industrial facilities to assist in upcoming reopening efforts:
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