How Extreme Heat Affects Elevator Performance and What Building Owners in Texas and Southern California Should Do About It
How Extreme Heat Affects Elevator Performance and Maintenance Needs in Texas and Southern California Quick Answer: Extreme heat in Texas and Southern California accelerates wear on elevator hydraulic fluid, control electronics, and motor insulation, increases the risk of thermal shutdowns and component failure, and demands more frequent inspections and proactive maintenance to keep elevators safe, […]
Year-End Elevator Capital Planning: How to Time Modernization and Major Repairs for Tax and Budget Advantages
Quick Answer: To qualify for same-year tax deductions or bonus depreciation under Section 179 or Section 168(k), elevator modernization or repair work generally must be placed in service — meaning completed and operational — by December 31 of the tax year; work contracted but not finished before year-end typically does not qualify, so building owners […]