Section 179 Small Business Expensing

What this means for the owner of a commercial building:

The cost of any commercial HVAC equipment placed in service after January 1, 2018, can be deducted as a business expense under Section 179.

A business owner installs a new heating and air-conditioning rooftop unit. The equipment and labor for installation cost $14,000. Under old depreciation rules, the owner could only claim approximately $350 in depreciation expense annually over 39 years. Under the new law, the owner can deduct the full cost of the HVAC equipment (including installation costs) of $14,000 from their business income the year of the purchase and installation. At the top marginal tax rate that would be applied to this purchase, this will save the business owner $5,180 in taxes.

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Superior Radiant Products Ltd. has been designing and manufacturing infrared heating equipment for the North American and international space heating markets since 1995, at its facility in Stoney Creek, Ontario, Canada. SRP has additional facilities in Qingdao China to support sales in Asia and has recently added Superior Radiant Products Inc., Kennesaw Georgia to fully support the US market. Our mission is to expand, through the application of sound engineering, quality manufacturing and customer-attentive marketing, the use of infrared heating technology and products, because the concept is environmentally sound and fuel-efficient.

Susan Samson
Superior Radiant Products Ltd.