Why are hvac systems so expensive right now?

The increase in air conditioning prices is due to a convergence of global factors. How COVID-19, bottlenecks in supply chains, the red-hot housing market, labor market restrictions and even the war in Ukraine are making air conditioning systems more expensive. MINNEAPOLIS Daikin Applied announced a price increase of up to 5% on commercial heating, ventilation and air conditioning (HVAC) equipment. Since people have a harder time paying for the housing they want and are exhausting their monthly budgets to be able to buy a home, major improvements in services, such as air conditioning systems, can turn into a secondary priority.

Another area where costs increase almost uniformly across the board is labor, affecting every part of the HVAC supply chain. A colder housing market might scare Canadians who have recently purchased homes and investment properties, but it can actually have a positive impact on heating, ventilation and air conditioning prices in a significant way. What is the final result? The next time your HVAC contractor calls with a much higher quote than you expected, catch your breath before responding in a hurry. Remember that you are not happier than you are and that much of it is out of your control.

And that is undoubtedly the case when it comes to pricing heating, ventilation and air conditioning systems and understanding the root causes of recent increases. This means that an upgrade to the air conditioning system that seemed optional when they were planning to leave in a few months is much more important, especially if they realize that winter or the peak of summer are just around the corner. The contractor's top priority should be to make the most of a system's lifespan, but if a new system is needed, consider these new regulations, the initial additional cost they entail after the new year and the possible lower monthly operating costs they could entail, and call a certified heating and air conditioning technician to analyze it. Unfortunately, none of them are able to absorb the cost, which affects the final price you pay for the purchase or repair of air conditioning systems.

The possibility of saving costs or not (and, if so, their amount) will depend on the size of the space in which the system operates and the type of unit you have used previously. This means that air conditioning systems that sellers may have neglected, since they knew they were likely to move, will soon be replaced by new owners once they move in. While these numbers may not mean much to you, they mean a lot to equipment manufacturers and installers, who risk being sanctioned if they are discovered installing systems that don't meet standards after the first day of the year. The new changes to the SEER2 will cause increases in the prices of new systems and will affect the costs of old SEER equipment and parts.

While the new rules represent an increase in the price of many new systems, they also have an environmental efficiency benefit that is excellent for the planet and can have a positive impact on energy bill costs...

Winston Bongle
Winston Bongle

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