As an expert in the HVAC industry, I have witnessed firsthand the increasing prices of air conditioning units and repairs. There are several factors that contribute to the high costs, including the efficiency of the unit, repair expenses, and the impact of the COVID-19 pandemic. In this article, I will delve into what makes air conditioning so expensive and provide tips for homeowners to save money in the long run.
The SEER Rating
One of the main factors that determine the cost of an air conditioner is its seasonal energy efficiency ratio (SEER) rating. This rating ranges from 13 (lowest) to 22 (highest) and measures the unit's energy efficiency.The higher the SEER Rating, the more expensive the unit will be. However, a higher SEER rating also means lower energy bills in the long run.
Repair Costs
The cost of repairs for air conditioning units has been steadily increasing over the years. This is due to a variety of reasons, including the phasing out of older refrigerants, rising raw material costs, and manufacturers increasing their prices. As a result, HVAC companies have had to adjust their prices to cover these expenses. If you are considering purchasing a new air conditioner, it is best to do so before February 1st.This is because manufacturers typically increase their prices every February, which will result in a higher cost for consumers.
Increased Demand
As temperatures rise, so does the demand for air conditioning units and repairs. This increase in demand also leads to higher prices as HVAC companies need to keep up with the demand for parts and equipment. Additionally, manufacturers often raise their prices every year, further contributing to the overall cost.The Impact of COVID-19
The COVID-19 pandemic has created a perfect storm for the HVAC industry, resulting in even higher prices for parts and equipment. The pandemic has caused a shortage of raw materials and labor, leading to delays in production and a decrease in supply.As a result, prices for HVAC equipment have skyrocketed. For example, the cost of diesel, which is used to transport HVAC trucks to repair or replace units, has increased. This means that HVAC companies have had to adjust their prices to cover the cost of fuel. Additionally, the shortage of labor has resulted in delays and a shortage of equipment, further driving up prices.
The Rising Cost of Raw Materials
The cost of Raw Materials used to manufacture air conditioning parts and equipment has also been on the rise. The Bureau of Labor Statistics and NASDAQ both track the prices of these materials, and there has been a noticeable upward trend over the past year.This increase in cost is passed on to consumers, resulting in higher prices for air conditioning units and repairs.
The Importance of Regular Maintenance
One way to avoid costly repairs is by regularly maintaining your HVAC system. Well-maintained systems are less likely to require additional refrigerant, which can be expensive. If your system does need to be recharged frequently, it is a sign that there is a leak that needs to be repaired. Semiconductor chips are also used in the most efficient HVAC systems, such as variable speed units and heat pumps. However, due to the global chip shortage, these systems may become harder to find and more expensive in the future.Planning Ahead
With all these factors contributing to the high cost of air conditioning, it is important for homeowners to plan ahead.This means staying informed about market conditions and understanding why prices may be higher than usual. It also means considering replacing your air conditioner before it becomes an emergency. Most central air conditioners last between 12 to 17 years, so it is worth taking the time to research and find the right unit for your home. Starting the replacement process earlier also allows you to explore funding options and make a decision without the added stress of dealing with a malfunctioning unit in the middle of summer.
In Conclusion
In conclusion, there are many factors that contribute to the high cost of air conditioning. From the efficiency of the unit to the impact of the COVID-19 pandemic, these factors have resulted in increased prices for both units and repairs.However, by staying informed and planning ahead, homeowners can save money in the long run and ensure their homes stay cool and comfortable during the hot summer months.