Government regulations are the main cause of price increases. In recent years, the government has imposed stricter environmental regulations, leading to rising manufacturing costs for HVAC systems. The Bureau of Labor Statistics producer price index (PPI) for HVAC equipment is increasing (as shown in the table below). HVAC service companies and consumers can also expect higher prices on air conditioners, heat pumps and parts.
When an air conditioning system starts to have problems, it's usually cheaper to repair it now than later, when the problem worsens. The versatility of an air conditioning system means that you can build an air conditioning system that is quite unique to your space. Semiconductor chips are found in higher-efficiency HVAC systems, such as variable-speed HVAC units, multi-speed central air units, heat pumps, and minisplits. A trained HVAC professional can help you choose the best HVAC system for your home based on its size, local climate, and budget.
Here's what you need to know about the many factors that contribute to increasing replacement and repair costs for heating, ventilation, and air conditioning systems this summer. You can extend the life of your system by keeping up with standard HVAC maintenance, such as changing filters regularly, monitoring your energy bills and calling an HVAC professional at the first sign of problems.