The HVAC industry is seeing new efficiency standards, refrigerants, and new products hitting the market all at once. The efficiency standards set to take effect in 2023 will be meant to raise the minimum efficiency systems offered to customers across North America. In this video, we discuss how that will also cause an adverse effect causing manufacturers to raise pricing on almost all products! Homeowners should expect to see increased pricing on equipment that they are already offering! Are they just taking advantage of the industry and their customers?
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For more information on Griffin Air, visit https://www.griffinair.net/
For more information on New HVAC Guide, visit https://www.newhvacguide.com/overview
*Need Financing for your HVAC? Visit https://www.newhvacguide.com/financing
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*Our favorite products?
Favorite Thermostat click here: https://amzn.to/3wt3Vwh
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Favorite Air Filter here: https://amzn.to/3vpVbWl
Air Monitor here: https://amzn.to/3oJ3LvD
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Griffin Air LLC is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. Amazon offers a small commission on products sold through their affiliate links. Each of your purchases via our Amazon affiliation links supports our cause at no additional cost to you.
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The prices go up on new units like this because they have to engineer, get testing and certification of the new equipment and retool factories. That's why the equipment costs more upfront for new models that have to meet new standards
I was hoping to upgrade next year when the rebates or tax incentives for heat pumps became effective. With the news of price increases, the incentives seem just pointless now.
From reading from different people, many say that they hate Mini-Splits.(Many are DIY and are No Name Brands}I bought the Daikins brand on 01/2022 and very happy with the 1st winter I had them and as for this summer it kept my whole house cool where I keep the temps at 72 on the Daikins and in Auto 24 hours aday.The Temp goes from 68-70 with a humidity from 56-66,sometime it goes too 72 in humidity but drops to around 66 with in mins from the 72.
I have a 4MXS36RMVJUA and a FTXS12LVJU and a FTXS18LVJU.
It cost me $7800 installed with in 1 day with 3 workers.(Think prices have gone up since 9 months ago?}
Think that they did a great and looking for a warm Winter with Low electric bills without useing electric baseboard heating……….To me Daikins were at least $4000 cheaper then the Mitsubishi brand………………. Are you in Ottawa ?
How can one tell which brands are best supported in their own region?
I ordered a seer2 unit for a customer and it jump 400.00 per unit. Lets Go Brandon!
How's the free market working for you capitalist? Are you in Kanata ?
The because we can price increase.
I just got a job and going to make HVAC a part time gig on the side. I am not doing no more installs. They are cutting to much in my profit margins.
The best brand varies due to the local support. I'm using these two for example. Around here Goodman has distributors everywhere and it's really easy to get replacement parts. However Rheem only has one that's very hard to get along with. They don't keep parts stocked. I had to wait a month for a warranty compressor and pay shipping. The Rheem factory was great at doing all they could though. The distributor makes them a horrible brand to have around here.
my 1980 hotpoint fridge is still running in the garage. Any new fridge is much more efficient and is super unlikely to last more than 10 years.
so you save $5/month in utility costs but have to spend $1500 every 10 years to replace. Some savings.
i wish the .gov karens would quit trying to save me money.
Stay away from Lennox brand because everything has to go threw them as a new system for warranty.
Hope Daikin keeps prices reasonable. I'm looking to upgrade to the DZ18VC at some point since it looks like a great under the radar choice for an inverter system.
Sad…the USA needs more private owned factories. All of these public traded stock companies simply USE the public. Service area Orleans??
Of course, any "changes" means excuses to make higher margins are reasonable. If the public knew how much the HVAC contractors were paying for systems, they'd have a cow and that's just on todays systems. Can't wait to see the prices and the lower/less experienced technicians (due to new equipment) deal with their own industry at the expense of their customers. I also agree, the Government and the industry is NOT doing anything for the customer when it comes to cost's and reliability all while hiding behind the "Environmental" needs. Most of this is simply snake oil B.S.
Yes they're raising prices at same time of the HVAC REBATES under the Inflation Reduction Act that take effect in 2023, where the typical owner can get upto $8500 rebate (not tax credit but rebate) – So basically manufacturers raise the price to keep the rebate and tripple the profits!! Service area Nepean??
These new systems are going to have more circuit boards and and sensors. These will fail more splendidly than the mechanical parts equivalent. And drive up the inconvenience for customers and price. Are you in Barrhaven ?
Carrier coils going from copper to aluminum should have lowered pricing as copper is significantly more expensive. Also the lighter weight aluminum should have created cheaper shipping costs, as it weighs much less than copper.
Abolish epa now.
Our government wants us to be like the UK. They want to see mini splits so our stuff will such like the rest of the world.
I don’t blame you for not talking about brands. Nobody needs to get blackballed or sued over a YouTube video.
Do you think the new Inflation Reduction Act of 2022 and its huge rebates on new efficient HVAC systems would also drive prices up?
The problem in this industry is it’s getting bought out by private equity companies and driving the prices up on cost of install and service but get national account deals. And trane equipment is already up to seer 2 rating. They don’t have to change anything when it comes to the new seer2
Those new efficiency standards and price increases have a major downside. People who can't afford to buy new—and in today's economy that's a lot of people—will stick with their existing HVAC, repairing to keep in running, however inefficiently, and defeating the purpose of those stricter standards. When money is tight, arguments about a long-term 'return on investment' carry little weight. I am glad to hear some manufacturers may break ranks over these price increases.
It's time to open our windows in summer and use fans.- In winter use a fireplace! lol.
Hello Joshua Griffin, you are absolutely right. I believe the only winner will be CHINA, as they're making all sorts of products and are the big power house; we'll learn to cope with failing parts and equipment. Most American brands strongly depend on imported parts due to cost! Better include P/L/M agreements to cushion the blow!
No labor warranties are no longer tolerable with the huge increases in HVAC prices and products that no longer last 20+ years.
Can you imagine buying a new car and being told that it has a parts only warranty?
I'm in Roanoke Va. Whistler Plumbing is selling Amana and Goodman. I'm a fan of Train and Carrier myself. We was thinking about going with Whistler because they offered 0% for 60 months. Your thoughts?
Surprise surprise… Good points Josh. It's always something. Revenue, profits, shareholders, c-suite bonuses. Whatever it takes.
"Real world considerations" — Why do we need these conjured up assumption-laden ratings? How about a graph of BTU output per watt over a temperature-difference range? That would be true efficiency. Do they still provide those? Is that too difficult for public school graduates to learn to comprehend?
Thanks to what's left of free market enterprise, new entrees can undercut established providers thus offering greater value to the purchaser. That should mitigate market dominance to some degree. The obstacle to overcome is consumer confidence. When long established names have a reputation for quality, people tend to question newcomers with lower pricing. We've been taught to always believe "you get what you pay for". If someone perceives that spending an additional 50% now will double the service lifetime of the equipment, that may overcome their lack of grasp of the concept of "future value of money". We shall see … I am thankful to have options.
Cheers!