The ability of consumers to obtain credit is an important driver of the U.S. economy, as it stimulates growth by allowing consumers to purchase items they may not be able to pay for with cash. Obtaining credit is especially important for those who need to purchase big-ticket items, such as heating and cooling systems.
The number of apps available for mobile devices has increased exponentially over the last few years. Consider that the first apps came out in 2008, and today there are almost 2 million apps available across all platforms. The HVACR industry has been quick to jump on the app bandwagon as well.
Some contractors claim they have been converting oil equipment to natural gas at a record pace. But that doesn’t mean oil furnaces will fade from the marketplace, as there are many areas that have limited access to natural gas. In addition, it can be expensive to convert, and new oil furnaces can provide better comfort and higher efficiencies.
Renewable energy generated by solar, wind, and geothermal technology has garnered a lot of attention lately, but residential biomass central heating systems have not enjoyed the same exposure. What’s holding biomass back?
Barring any changes stemming from the pending lawsuit against the Department of Energy (DOE), the new regional efficiency standards for residential furnaces, air conditioners, and heat pumps are scheduled to become effective May 1, 2013. What does that mean for you?
The new residential boiler efficiency standards just went into effect in September, with gas-fired hot water boilers now having to be a minimum of 82 percent AFUE. Many in the industry note that sales of higher efficiency boilers have been trending up, so homeowners are already expressing interest in better efficiency.
With residential new construction barely a blip on the radar these days, most contractors have shifted gears toward educating customers about the benefits of retrofitting older HVAC units with new high-efficiency equipment. In the northeast U.S., where hydronic systems are very popular, that often involves replacing older boilers.
As Benjamin Franklin once famously said, “In life, nothing is certain but death and taxes.” Many business owners might argue that “regulations” could have been added to that quote as well, given the large number of new rules imposed each year by local, state, and federal governments.
While nonresidential construction spending has increased somewhat over the last year, current indicators show that this market is still not robust. Geothermal heat pump (GHP) systems seem to be bucking this trend, though, as most manufacturers state that sales of commercial equipment are increasing.