IRS Section 179 Changes Coming: Why You Should Invest in LiDAR Equipment by the End of 2022

Updated: Oct 26

Are you an expert on tax codes? Neither are we, but we know a lot about IRS Section 179, as well as why it matters to you and your Land Surveying business.


If you're planning for a major business equipment investment anytime soon, now is the time to do it. ROCK Robotic equipment is a perfect example of eligible equipment you can deduct in 2022. Our LiDAR products will help with survey-grade quality data and lightning-fast deliverables to help get your infrastructure projects get off the ground.


Invest in Your Business with Turnkey LiDAR Solutions


Do you want to end 2022 with a DJI M300 Drone, a ROCK 360 (or ROCK R2A) system and the ROCK Cloud? It's possible to get this entire package for effectively $125 a month for the first year.


The Section 179 deduction allows US business owners to expense qualifying purchases and to deduct the full purchase price of their equipment during the tax year in which the equipment is acquired and put into service. The DJI M300 Drone, a ROCK 360 (or ROCK R2A) and the ROCK Cloud are considered qualifying equipment and this deduction can be applied to equipment purchased outright or via financing.


You can find more information about the Section 179 rule on the IRS website here.


Understand the Impact of Section 179 on Your Equipment Investment


To get an idea of what the Section 179 rule could look like for you, ask us for a quote and then use it in this calculator: Section 179 Calculator.


This calculator will show you the total reduction in cost and your savings. When you factor in the ability to take this tax break upfront with zero-dollar down financing, this effectively gives you the full tax incentive in the first year and is how you can effectively get the entire system for $125 a month! This is too good to pass up.


We have worked with customers and have seen Section 179 deduction result in customer scenarios with costs cut down to approximately $125/month first year and a $0 down payment for their hardware and software! Of course, your results may vary, and you should always check with your tax advisor, but owning a DJI M300 Drone, a ROCK 360 (or ROCK Robotic R2A) and the ROCK Cloud may be much closer than you think!


Your Success is Our Success


When you work with ROCK, we are incentivized in your success. This program can help you reduce your financial risk and provide your team with valuable time to become successful with our technology. There is no time better than right now to differentiate yourself from your competitors.

Reach out to our Sales Team via the chat bubble or sales@rockrobotic.com and let’s ROCK!


 

Visit rockrobotic.com to learn more about our products and services.