His jacket was emblazoned with the logo of a manufacturer of high-performing heat pumps, but when I mentioned that we were thinking of getting one, the tech shot down the idea.
While the installation of heat pumps may seem to be slowing due to inflation and rising interest rates, coupled with a confusing rollout of federal funding, they are expected to pick up speed this year.
The HVAC industry faces challenges in 2024 from inflation, higher interest rates, and HFC production cuts. However, regulatory support for eco-friendly systems could provide growth opportunities, leading manufacturers to be optimistic about the year ahead.
As the federal government plans millions in grant funding to boost heat-pump manufacturing in the U.S., a big player in the market as well as a newcomer are thrilled with the opportunity.
Traditional air-source heat pumps can provide reliable heating when outdoor temperatures are moderately cold. However, once the weather reaches subzero temperatures, heat pumps suffer a drastic loss of performance due to frost accumulation on their outdoor units.