The end of March is here, and it’s safe to say that 2022 is flying by. As we end the first quarter of the year, there are many trends and changes happening within the comfort industry. Of all of these changes, one trend that continues to stick out are price increases on pretty much everything.
At ServiceOne, our team works hard to understand the current market and upcoming trends, and use this to best serve our customers. Below, we highlight some current industry trends and discuss what is happening within the comfort world.
A major trend that is happening right now with pretty much every industry are significant price increases, and we are seeing this as well in the home energy industry. From the COVID-19 pandemic to the conflict in Ukraine, there are many factors that are playing into these rising prices, which has significantly hit homeowners on their energy bills. Specifically, electricity bills have seen a surge in price, and are not projected to go back down anytime soon.
The price of HVAC equipment and parts is also increasing as well, mainly due to lower supply and an increase in demand. On top of this our industry is seeing labor shortages across the country, which also factor into these price increases.
Going hand in hand with the price increases in the HVAC industry, HVAC systems that utilize R-22 refrigerant have been phased out by the EPA. The government started phasing this out back in 2010, but has now stopped being manufactured all together. If your HVAC system was built or installed before 2010, there is a good chance that it uses R-22, and now is a good time to replace your system. Below, we go over your options:
At ServiceOne, we are dedicated to helping our homeowners keep their home’s and families safe, all while saving money. That is why if you act before May 1, 2022, you will receive up to $800 in credit toward a new system when you go through ServiceOne. This is a special offer that ends at the end of April, so act fast!
How to tell if your system uses R-22
Not sure if your system uses R-22 refrigerant? No worries! Generally, systems that were made or installed before 2010 run off R-22. If you are not sure when your system was installed, you can also check the label on your outside unit, which should specify the refrigerant that is used.
If you have any questions about the R-22 phase out, want to go over your options, or just want to learn more about the current industry trends, email us at R22@serviceone.com! ServiceOne is here to help you stay up-to-date with everything you need to know as a homeowner!