HVAC System Prices And Supply Shortages
HVAC System Prices And Supply Shortages
You may have heard about shortages and out-of-stock situations for common appliances, and things like cars and trucks from friends and family, or you may have personally experienced some problems yourself. Of course, it’s all pandemic related, even now as America struggles to come out the other side From automobiles to refrigerators, your selection is limited in a lot of cases, and delivery times are significantly longer than most of us can recall. The supply chain for HVAC equipment is exactly the same.
Here’s a quick rundown of what’s going on and what you can do to avoid having to pay for a costly HVAC repair or AC replacement while supplies are running low.
What is causing the increase in HVAC prices? What is the cause of the HVAC equipment shortage?
Manufacturers of HVAC systems, like most companies, are also experiencing supply chain issues, and they are unable to produce the number of units required to keep up with demand from consumers. The fact that raw materials required for production are not readily available is the primary source of this constraint. Suppliers of raw copper and steel, which account for the vast majority of components within HVAC systems, are not operating at full capacity, and what they can produce is not being shipped as quickly as it should be.
Labor and shipping costs are rising for manufacturers who are still producing new HVAC units, which is bad news for them. Most major suppliers have attempted to keep costs as low as possible, but they have recently raised prices by between 4 percent and 10 percent. It is possible that both expert AC installation companies like Air Check and the homeowner will face higher prices as a result of this. Unfortunately, it is likely that these higher prices will continue for the foreseeable future, certainly something that has only been exacerbated by war and increased oil and gasoline prices.
Aside from being in short supply and in high demand, the computer chips that control all modern, energy-efficient HVAC systems are also in short supply. Additionally, repair parts are frequently affected by the same issues that affect complete systems as well. Parts for older units are becoming increasingly difficult to come by as manufacturers shift their attention to producing new units in order to make the most of their limited production capacity.
Will there be a decrease in HVAC prices in 2022?
While supply chains and manufacturers attempt to return to normal production levels, it will be some time before we see critical supply chain components return to their pre-crisis levels of performance. Couple that with most corporations using “inflation” as an excuse to hike prices (and profits), and it is likely that prices will never come back. However, if the road to recovery proceeds as planned, it is hoped that supplies of new units and parts will eventually return to normal levels.
What you can do right now to avoid having to pay more for a new HVAC system installation?
The most important thing you can do is to keep your current system running well. Regular HVAC maintenance, as well as addressing issues as soon as they arise, will reduce the likelihood of having to purchase a new unit during these tough times. A few dollars spent to avoid a major problem could result in years of additional life for your system.
Replace your filter with a new one that is compatible with your system on a regular basis to avoid putting unnecessary strain on the system. Consider signing up for an HVAC maintenance contract to ensure that your unit is serviced, cleaned, and adjusted on a regular basis. Check that the thermostat is properly programmed to prevent the unit from running when it isn’t necessary.
If your HVAC system fails and you are faced with the prospect of having to replace the entire system, act quickly and obtain several quotes from a variety of servie companies. As previously stated, some larger companies may have units on hand, but your options with other companies may be limited as a result of this. Replace your aging system before it completely fails to avoid a potentially dangerous situation this winter. And while everyone wants to squeeze every last day of operation out of their old system, a new, high-efficiency system may be able to lower your overall operating costs by as much as 30 percent. Because you have planned and scheduled the replacement, you will avoid any disruption to your home’s comfort and will have the opportunity to review all available utility rebates and attractive financing options before making a decision.
from Air Check Mechanical Service