The last few years have been challenging for HVACR contractors, the poor economy has resulted in financial stress, and recent federal legislation has caused concern. Even with these recent difficulties, there are numerous reasons to be hopeful, said Paul Stalknecht, president and CEO, Air Conditioning Contractors of America (ACCA).
It’s a new year, and there’s a crowd of newly sworn-in representatives and senators working on Capitol Hill. What Congress does this year will probably have an impact on HVAC businesses, so the industry will keep close tabs on the legislators. A focus on the national deficit and how to cut spending is expected to factor into many legislative actions this year.
The HVAC industry got a Christmas gift from the federal government in late 2010, when those energy efficiency tax credits were approved for one more year - although at the lower level of $500. Contractors have been using the credits to help give replacements and upgrades a quicker payback.
