The cost of heating, ventilation, and air conditioning (HVAC) systems has been on the rise in recent years, and the trend is expected to continue in 2023. The reasons for the increases are numerous, ranging from raw material costs to labor rates, fuel and transportation costs, and changes in processes. Energy efficiency and cost are always directly related, with more efficient units costing more to manufacture and purchase. Raising energy efficiency standards is beneficial for reducing carbon emissions and helping consumers save on energy costs, but it also means that replacing an old air conditioning unit or heat pump will be more expensive. Fortunately, the increased efficiency standards also mean that all new units will use less energy. Although the upfront cost of replacing an old unit may be higher, the energy savings should help offset some or even all of the additional costs.
For example, a 14 SEER cooling unit consumes approximately 7% less energy than a 13 SEER unit. The only issue is that most manufacturers have stopped producing units that do not meet the new standards. If you want to replace your central air conditioning or heat pump before the new changes are fully implemented, Homesense Heating & Cooling can help. We install a full range of HVAC units, including heat pumps, air conditioning, furnaces and ductless minisplits. Our certified HVAC technicians also specialize in cooling and heating system repairs and maintenance, as well as indoor air quality, ducting, thermostats, duct cleaning and inspection services.
We offer free estimates for all replacement services and financing for new equipment through approved credit. All of these modifications entail additional labor, material, shipping and handling, and design costs. As a result, consumers can now expect an average increase of around 15% in the cost of a central air conditioning system. Manufacturers often offer special pricing and discounts during slower months to help increase sales, while HVAC contractors are more aggressive with their pricing to meet their schedules. Overall inflation, rising labor costs and supply shortages have already caused HVAC costs to rise in recent years, but new regulations have further boosted price increases to unprecedented levels. Homeowners who want to get the best deal on installing a new air conditioning system should choose to purchase their equipment in spring or early fall. With the arrival of spring and summer, if you are installing or replacing HVAC equipment this year or beyond, it is important to be aware of the new efficiency standards.
The tests provide better data values and metrics to better determine the performance of an installed HVAC system. Since many manufacturers redesigned their HVAC systems components to meet new government efficiency requirements, these investments are reflected in the price of new equipment. Of course, the cost of installing a new HVAC system outweighs the increase in property value, but after a few years of reducing energy bills, that difference can be recovered. If you have any questions about the new efficiency standards or need any HVAC service in the Indianapolis area, call Homesense Heating & Cooling today.