Financial Benefits of Purchasing a Spider Lift or Aerial Work Platform

Working at a height can sometimes be done easily and safely with just a ladder. However, if you find that your team members are working at height regularly, an aerial work platform could make a significant difference in terms of efficiency and safety. Purchasing an aerial lift can be a significant financial investment for any company.

Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment purchased or financed during the 2021 tax year, up to $1,050,000.

The total amount of equipment purchased must not exceed $2,620,000. The deduction will begin to phase out on a dollar-for-dollar basis after $2,620,000 is spent.

The Tax Cuts and Jobs Act also increases the benefit of bonus depreciation to 100%, allowing businesses of all sizes to deduct the full cost of qualifying new and used equipment purchased and placed in service December 31st, 2023.

Whether you want to add an extra lift to your existing equipment lineup or acquire an entirely different AWP fleet, each of the three options can help. But, they could also negatively impact your business, depending on how much you spend and where your business is, finance-wise.

Much like every other hard asset, owning an aerial lift gives your business added value. Plus, as an owner, you may have additional benefits, such as direct manufacturer support. There are pros and cons  with buying, renting, or leasing an AWP, and you need to weigh these advantages and disadvantages closely. In doing so, you can make an informed decision about how to get an AWP for your worksite and maximize the value of your investment.

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About Spimerica – Spider Lifts & Aerial Access Equipment North America

SPIMERICA is active in the sales of rental of a variety of industrial machines and equipment including spider platforms, aerial work platforms, elevating work platforms, mobile elevating work platforms,

Spimerica is managed by industry professional Ben Taft. Ben Taft leads Spimerica with extensive experience in the construction rental industry and in the manufacturing sector. Spimerica offers accessibility options to facilitate safer work environments and improve efficiencies within workplace productivity by providing world class spider booms and cranes to the USA Rental Industry market.

Spimerica is the authorized Palazzani dealer for the majority of the US, representing the highest level of spider booms and spider cranes in the industry. Spider booms range from 55ft to 170ft, providing the safest solution at heights you need to reach. Spimerica is committed to representing the most innovative, dependable and trustworthy solutions in our industry.

Contact Us Today with any questions about Spider Lifts or the latest Palazzani Aerial Work Platform Machine!