There are numerous factors for this trend, including energy efficiency, government incentives, and technology improvement. But HVAC contractors are still the boots on the ground in this electrification mission.
Industry experts are telling contractors to stay informed and get involved with the new regulations that are likely to impact everyone this coming year
His jacket was emblazoned with the logo of a manufacturer of high-performing heat pumps, but when I mentioned that we were thinking of getting one, the tech shot down the idea.
While the installation of heat pumps may seem to be slowing due to inflation and rising interest rates, coupled with a confusing rollout of federal funding, they are expected to pick up speed this year.
The HVAC industry faces challenges in 2024 from inflation, higher interest rates, and HFC production cuts. However, regulatory support for eco-friendly systems could provide growth opportunities, leading manufacturers to be optimistic about the year ahead.