A lawsuit filed by the Department of Justice could have major implications for how other state and local governments regulate energy sources like natural gas.
Non-condensing furnaces, which make up approximately 55% of the market for natural gas furnaces in the United States, cannot be replaced by other furnace types, and their removal from the market would saddle families with costly renovations or eliminate gas as a home heating option all together.
The Air-Conditioning, Heating & Refrigeration Institute data show that heat pump, a/c, furnace. and water heater shipments all fell in October in comparison to the same month last year.
The a/c and heat pump shipment numbers reflect some of the headwinds industry leaders discussed during last month’s Morgan Stanley Laguna Conference: low consumer demand, high interest rates, tariffs on imported products and materials, and the continuing fallout from the refrigerant transition.