HVAC Costs in 2022 Set to Increase
Many HVAC manufacturers have already announced price increases going into 2022, making headlines as another round of price increases go into effect.
Across the board, we are already seeing manufacturers raise the cost of equipment, parts, and supplies prices. Many manufacturers have made these announcements public, with increases ranging anywhere from 3% up to 20% or more.
The reasons for the increases are due to a multitude of factors, including raw material costs, increased labor rates, fuel and transportation costs, and changes to processes.
With the recent COVID-19 pandemic, we’ve seen many people transferring to remote work, or spending more time at home in general. This has led to an increased demand for effective indoor air quality and home comfort systems. Many consumers have chosen this past year to make investments in their home, one of them being upgrading their HVAC equipment to help make their personal space more healthy and comfortable.
Over the last several years, we have regularly seen manufacturer price increases once per year, but COVID-19 has especially hit the industry hard, as many of us have witnessed price increase announcements of major suppliers and brands at least once per quarter.
The HVAC industry, however, is not unique to these price increases. Similar trends can be seen in the construction industry as the demand and price for raw materials increases.
Simply put, the price increases manufacturers face are cascading through the supply chain and are just beginning to show up for the end consumer.
At Oosterveld Heating and AC, we will always provide you with the best possible price by ensuring we’ve invested in inventory and parts before these price increases occur. In preparation for the latest price increase by Lennox Industries taking place on January 1, 2022, we have stocked our warehouse and will pass these savings onto the customer for the entire month of January 2022. This means that all new Heating Systems, Indoor Air Quality Systems and Air Conditioners purchased before January 31, 2022 will still receive pre-2022 pricing on their equipment. Call us today at (519) 837-2351 to secure 2021 pricing on your HVAC products.