RICHARDSON, Texas — Lennox Industries plans to raise prices on its residential equipment and accessories by up to 10%.

A statement from the company said the move is due to expected increases in the cost of R-410A refrigerant as well as other inflationary pressures. The price increases will be effective Monday, Feb. 5, 2024, the company said.

The move follows an announcement in October that Lennox will increase prices, by up to 8%, on commercial equipment and accessories beginning Monday, Jan. 1.