The rising costs of equipment are hindering everyone’s pocket books, including contractors and customers alike. As of February 2021, HVAC equipment costs have gone up almost 8%. TOTAL 1 saw almost a 20% price increase from manufacturers at the beginning of 2021. Some of the biggest reasons for price increases are due to a multitude of factors, including raw material costs, increased labor rates, fuel and transportation costs, and changes to processes. Read on to hopefully find some useful suggestions when it comes to dealing with inflation costs and your HVAC system.
Home Warranties
If you are a new home owner, check with your home warranty to see what they cover. Some home warranties will cover repairs and even replacements. Usually you just need to make a copay as opposed to full out of pocket repair costs.
Repair, Don’t Replace
Check your options when it comes to repairing versus replacing. TOTAL 1 believes in the old saying, “if it ain’t broke, don’t fix it”. If we feel your system can get through another season on a repair, then that’s what we’ll recommend. If it’s a replacement you need, we’ll provide you with our free estimate so you can start saving up!
Financing
If your HVAC system is ready to be replaced, but you as the homeowner cannot afford to pay the full amount up front, then we would recommend financing. TOTAL 1 AC & HEATING offers financing through a company called Service Finance. Applying is easy and you receive your decision within minutes after your application is submitted.
Give TOTAL 1 AC & HEATING a call with any questions you may have. We’re here to help!