Traditionally, the approach of winter means a rise in fuel prices along with a steep drop in temperatures, but this year is looking to defy those expectations. Heating oil prices have fallen in several states. According to the U.S. Energy Information Association (EIA), those price drops are the beginning of a long-term trend rather than a short-term reprieve.
One might think that determining selling prices would be a relatively easy task once the costs have been determined. However, I can assure you, based on personal experience and some classes I have presented, even the most intelligent and supposedly sophisticated contractors do not always arrive at the selling price they want and intend to use.
As the economy continues to rise, the price to do business is following suit. Recent studies suggest HVAC system construction and maintenance services are on the rise.
Allied Air Enterprises has announced a price increase of up to 6 percent on residential and commercial equipment and accessories. The increase will apply to orders placed on or after March 1, 2015.
UTC Building & Industrial Systems, which manufactures products under the Carrier, Bryant, Payne, and ICP brand names, has announced a price increase of up to 5 percent on residential and commercial HVAC equipment. It will be implemented over the next 60 days.
Lennox Industries Inc. announced that it will increase prices 3-6 percent on residential and commercial equipment, accessories, and parts effective Jan. 1, 2015
Trane Commercial Heating, Ventilation and Air Conditioning (HVAC) North America, a strategic business unit of Ingersoll Rand, has announced a price increase of 1 to 3 percent on select commercial HVAC equipment.
A state of emergency has been declared in Alabama, Iowa, Wisconsin, and 27 other states. The cause: a lack of propane. A brutal cold snap spanning the country, combined with distribution issues, has led to a limited supply and historically high prices.