4 High Efficiency Trends That Are Impacting Residential HVAC Installations
There are several trends emerging in the HVAC industry from technologies designed to reduce energy consumption and cost to the ones that improve energy efficiency. In addition, Northern California homeowners want to make their house as comfortable as possible by implementing additions that improve the overall quality of life. These are a few trends that are big in residential HVAC installations this year.
1. Smart Technologies are Constantly Emerging
New technologies have changed the HVAC industry. HVAC companies have to be savvy enough to convey the benefits of these features. The demand for HVAC talent is expected to rise along with the rise in smart technologies. As per Forbes, it costs an average of $7,000 to invest in a new HVAC system. Such upfront costs can be deterring to homeowners.
This is where energy consumption comes into the picture. Smart thermostats and other technologies in an HVAC system can save energy. Reduced utility bills can be a big help to the average homeowner. It’s crucial for HVAC professionals to make homeowners understand the long-term cost of the equipment they are purchasing.
2. HVAC Systems Use Less Energy
Most consumers don’t mind paying for products that reduce their carbon footprint or overall impact on the environment. As per Forbes, 54% of Gen Z is willing to spend an additional 10% on sustainable products. This compared to 23% of Baby Boomers and 34% of Generation X. Generations agree when it comes to greener appliances.
89% Baby Boomers, 83% Gen Xers, and 75% millennials wanted Energy Star appliances as per a remodeling article in the National Association of Home Builders’ (NAHB). HVAC contractors have the opportunity to lead the way in reducing energy consumption. An increasing number of homeowners have expressed concerns about their carbon footprint.
Homeowners can be empowered by programmable thermostats and high efficiency HVAC units for reducing their energy consumption. This will allow them to take control of their energy costs as well.
3. Lower Energy Costs
40% residential energy consumption in the United States is from heating and cooling as per a 2019 study by the Guidehouse Insights Residential Heating and Cooling Innovations. This means that your HVAC system possesses a significant opportunity for saving energy and money.
You can obtain a payback of 5 – 7 years by installing in a high efficiency HVAC unit. You may be eligible to claim federal tax credits equivalent to the installation cost or up to $500. Energy efficient home improvements, such as HVAC replacements can help Californian homeowners realize the potential of long-term energy savings.
A high efficiency HVAC system is initially more expensive. With that said, it can ultimately allow the homeowner to cut down their annual energy bill as per the DoE. Proper equipment installation and repairs is a vital component in helping homeowners reach these savings.
4. Easy Purchase Decisions
Consumers may be willing to pay for HVAC upgrades and home improvement repairs. However, they want the purchasing process to be simple even if they are willing to lower their impact on the environment. This is where technology acts as a vital point of sale. Field reps should easily and quickly access customer data for expediting transactions. Several interactive payment estimators, such as Mosaic are being used to keep up with customer demands.