If you’re feeling the pinch of rising prices, then you’re not alone. Inflation affects the cost of everything while the money in our wallets stays the same.
Even “big ticket” items like air conditioning systems are not immune to inflation. Equipment manufacturing costs have skyrocketed, resulting in steep prices for new HVAC units.
Normally, HVAC prices increase only a couple of times per year. However, the past few years have seen disruptions that are anything but normal.
A Perfect Storm
Complications related to COVID-19 have led to supply chain disruptions, causing higher fuel prices and increased costs for raw materials. Prices for the essential materials needed to build HVAC systems – lumber, steel, copper, and aluminum – have risen by up to 40% in the past year.
As the pandemic continued to wreak havoc across the country, factories and freight companies struggled with labor shortages, leading to longer wait times for production and shipping. Moreover, refrigerant costs have surged due to the push for more eco-friendly alternatives.
Unfortunately, consumers are the ones who have to bear these extra costs.
Tips for Lowering Your HVAC Costs
So, what can you do to manage this situation? Consider whether you really need a new HVAC system right now. While waiting may result in even higher prices, there are ways to work around the current challenges.
Making minor changes to how you use your HVAC system can help extend its lifespan. For example, changing your air filter at least once a month reduces the load on your air conditioner.
Regular maintenance is crucial to keep your equipment running at its highest efficiency. Minor repairs every few months can save you a considerable amount compared to buying a new system. You can further enhance your HVAC performance by using a programmable thermostat, which can help reduce your electricity bill.
When it’s time to buy a new HVAC system, consider purchasing an older model with a slightly lower SEER rating. The price difference between the “better” and “best” options is often substantial. Remember that while installers may try to sell you the latest and greatest system, the energy savings over time may be smaller than you think.
Look out for seasonal incentives that can reduce the final cost of your new system. Research local tax credits and utility rebates, which may be available for specific HVAC upgrades. Also, consider financing options to make your purchase more affordable.
Finally, if you’re looking for a solution that fits your needs and budget, Brad’s Heating & Air can help. We offer a wide range of heating, cooling, and indoor air quality services, from minor repairs to full system installations.
Contact us today at (501) 330-8066 to ensure you’re comfortable all year round.