As rising prices continue to hit households across the country, it’s important to be money-conscious in all aspects of life. Even household appliances such as HVAC systems have seen significant price hikes.
The cost of manufacturing equipment has soared in recent years, driving up prices for new air conditioners and furnaces. Add to that the effects of COVID-19 and labor shortages, and consumers are left to foot the bill for these extra costs.
A Perfect Storm
The pandemic has led to supply chain disruptions, which have resulted in higher fuel prices and increased costs for raw materials. Materials essential to manufacturing HVAC units, such as lumber, steel, copper, and aluminum, have risen as much as 40% in the past year.
Moreover, factories and freight companies have faced labor shortages that have prolonged wait times for production and shipping. To top it off, the cost of refrigerant has increased due to the push for more eco-friendly alternatives.
Despite these challenges, there are ways to navigate the rising costs of HVAC systems.
Strategies to Reduce Your HVAC Expenses
First, consider whether or not you can live without a brand-new HVAC system right now. While waiting could lead to even higher prices, an improved economy could make a future purchase more affordable for your budget.
Making minor adjustments to the way you use your HVAC system can add months, or even years, to its lifespan. Regular maintenance and minor repairs can save you a considerable amount compared to purchasing a brand-new system. A programmable thermostat can also help improve your HVAC efficiency and reduce your electricity bill.
If you need a new HVAC system, consider buying an older model with a slightly lower SEER rating. While the newest systems may seem attractive, the energy savings over time may not be as significant as the price difference between “better” and “best” options.
Look out for seasonal incentives, local tax credits, and utility rebates that can reduce the final cost of a new HVAC system. And, if financing is an option, it can make your purchase more affordable.
Finally, if you’re looking for a solution that suits your needs and budget, you can always trust Empire Heating & Air help. We’ve got you covered with comprehensive heating, cooling, and indoor air quality services, from minor repairs to full system installations.
Give us a call at (682) 233-3367, and we will do everything we can to ensure your comfort!