As most already know, the AIM Act, which passed in December 2020, will reduce HFC refrigerant production by 85% by 2036. The initial reduction began last year with a 10% reduction in HFC production, but next year there will be an additional 30% cut, which will significantly impact the HVACR industry. In fact, experts are predicting that the steep reduction could result in shortages of popular refrigerants such as R-410A and R-134a, as well as a sharp increase in refrigerant prices.
Not surprisingly, the large cut in HFC production in 2024 could profoundly affect HVACR contractors, so in order to minimize disruptions in this shifting landscape, it is crucial to prepare now.