Will Air Conditioners Be More Expensive in 2023?
With the summer of 2023 fast approaching, many Raleigh-area homeowners are wondering whether air conditioners will become more expensive. HVAC industry experts are now pointing to an increase in prices due to several factors, including supply chain disruptions, labor shortages, and increased demand.
Factors Affecting the Cost of AC Units
According to HVAC industry experts, there are three main factors currently causing the cost of cooling systems to surge. These include:
Supply Chain Disruptions
One of the main reasons air conditioning prices are expected to rise in 2023 is supply chain disruptions caused by the ongoing COVID-19 pandemic. Since 2020, the pandemic has caused delays in manufacturing and shipping, leading to shortages of the components and materials required to produce air conditioning systems.
As a result, manufacturers are facing higher costs and longer lead times, which are expected to be passed on to consumers in the form of higher prices.
Ongoing Labor Shortages
Another factor contributing to the expected rise in AC prices is the shortage of skilled labor in the HVAC industry. According to industry experts, there are currently not enough trained technicians to satisfy the demand for air conditioning installation, repair, maintenance, and replacement.
This labor shortage is expected to drive up the price of air conditioning units as HVAC companies compete for a limited pool of skilled workers.
Increased AC Demand
The expected rise in AC prices can also be attributed to increased demand for HVAC services. As temperatures continue to rise in the Raleigh, NC, area, more homeowners are installing, repairing, maintaining, and replacing air conditioning systems to stay cool and comfortable when it counts.
This increase in demand is putting more pressure on HVAC companies to raise their prices to meet the growing demand for their services.
What This Means for Consumers
For consumers in Raleigh, NC, the expected rise in air conditioning prices may make these systems more expensive to install, repair, maintain, or replace in 2023. Homeowners may need to budget more money for HVAC services or consider financing options to cover the higher costs.
It’s also important to note that some HVAC companies may try to take advantage of the supply and demand imbalance and charge higher prices than their competitors. This is why it’s important for homeowners to do their research and compare prices from multiple HVAC companies to ensure they’re getting a fair price.
How to Save Money on Air Conditioning This Year
While it’s likely that air conditioning systems will be more expensive in 2023 due to supply chain disruptions, labor shortages, and increased demand, there are ways Raleigh homeowners can save by trusting Signature HVAC with their AC needs.
By trusting our team as your air conditioning service provider, you’ll enjoy:
- Special financing: We offer financing options for homeowners who need to replace their old ACs with new, energy-efficient models. This can help homeowners save money on their monthly energy bills and reduce their carbon footprint.
- EASE Comfort Program: The EASE Comfort Program is a comprehensive maintenance and repair program we offer. This program includes regular maintenance, priority service, discounted repairs, and more. By signing up for the EASE Comfort Program, homeowners can save money on their ACs in the long run.
- Maintenance programs: Routine maintenance is essential for keeping AC units running smoothly and efficiently. Signature HVAC offers a variety of maintenance programs to help homeowners keep their units in top condition, including seasonal checkups, filter changes, and more. Signing up for a maintenance program can help homeowners save on repairs and replacements down the line.
- Promotions: Signature HVAC frequently offers our valued customers promotions and special offers. These may include discounts on new units, free maintenance, etc. By taking advantage of these promotions, homeowners can save money on the cost of their AC units.
Signature HVAC is proud to offer many ways to help families save on the cost of their air conditioning service needs despite rising costs. From special financing to maintenance programs and promotions, we’re ready to help homeowners keep their air conditioners running smoothly and efficiently in the most cost-effective way possible.
Contact our team at 610-738-8310 to request air conditioning installation, replacement, repair, or maintenance.
