HVAC Contracting

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With inflation and rising interest grabbing the headlines, layoffs have already begun in certain sectors of the economy and have flown relatively under the radar until recently.

In the latest episode of The NEWSMakers podcast, Hannah Belloli, business management editor for The ACHR NEWS, chats with Josh Hembree, general manager of Hembree Heating & Air.

Just as the pandemic accelerated the HVAC industry’s digital transformation, wholesalers’ dependency on eCommerce as a sales channel has skyrocketed over the past few years.

Top 2023 trends in the HVACR industry were decarbonization, IAQ, the supply chain, workforce development, and refrigerant regulations.

The past year saw a tremendous amount of consolidation as private equity investors continue to back the acquisitions of HVAC contractors.

In order for a technician to transform into a true HVAC business owner, they have to leave their truck behind and enter into the business owner mindset.

HVAC contractors are leaving money on the table: $122 billion to be exact. The federal government’s largest pool of funds from the American Rescue Plan was designated for public schools.

As of January 2023, the DOE’s minimum energy efficiency requirements go into effect for all newly manufactured residential and commercial air conditioners and heat pumps.

In the latest episode of The NEWSMakers podcast, Kyle Gargaro, editorial director for The ACHR NEWS, talks to Wrench Group CEO, Ken Haines.

With Republicans taking control of the U.S. House of Representatives for at least the next two years, there could be attempts to alter, or even repeal, measures that affect the HVAC industry.