Opportunity is knocking for the HVAC industry in the form of consumer rebates offered through the federal Inflation Reduction Act (IRA), and contractors who haven’t planned their approach to leveraging these incentives would be well advised to do so now.
With Republicans winning both the presidency and Congress, leaders at HVACR trade groups say the new national political environment will, on balance, be good for the industry.
The work-from-home trend, a shortage of new housing and other factors are leading people to expand their homes and remodel existing spaces. They’re often turning to single-zone ductless products to heat and cool those new living spaces.
Low public awareness of incentives that can subsidize residential HVAC purchases means contractors have the opportunity to educate and position themselves as trusted advisors, marketing experts say.
Thermostat manufacturers say they have the studies to show that the use of their smart, connected thermostats can help homeowners save on their HVAC-related energy costs.
In their public remarks and respective campaign platforms, the presidential candidates have outlined their positions on issues that could impact the HVACR industry.
Cameron Lowe was on a routine system checkup when his customer, David Killian, was stricken. "I was just gone. My heart had stopped," Killian recalled. A dispatcher talked Lowe through cardiopulmonary resuscitation, and together they kept Killian alive.