Why is right now a great time to upgrade your building?
The 2020 CARES Act created a major tax incentive for facility upgrades.
Do you qualify for a major new tax incentive?
The 2020 Coronavirus Aid, Relief, and Economic Stability (CARES) Act created a tax incentive for upgrades to existing, non-residential buildings. The incentive, known as “accelerated” or “bonus” depreciation, allows you to write off 100% of certain facility upgrades in the first year of the project. In the past, that depreciation had to be spread out over 39 years, which lowered tax savings dramatically.
We realize you may have questions about the CARES Act tax incentive:
- What types of buildings qualify?
- What types of upgrades qualify?
- How much could you save?
Please fill in your information and we will route you to a Schneider Electric representative in your region to help you answer these questions and take advantage of the CARES Act incentive.