Are HVAC Systems Going to be More Expensive in 2023?

The cost of HVAC systems is determined by the installation and repair expenses for homeowners and business owners. The more efficient the unit, the more it will cost to manufacture it and, consequently, the higher its purchase price. Increasing energy efficiency standards is great for reducing carbon emissions and helping consumers reduce their energy costs, but it still means you'll have to pay more when it comes time to replace your old air conditioning unit or heat pump. Raising energy efficiency standards is beneficial as it means that all new units will now consume less energy.

You'll still have to pay more upfront when you replace your old unit, but the energy savings will help offset some or even all of the additional costs. For instance, compared to the old 13 SEER standard, a 14 SEER refrigeration unit will consume approximately 7% less energy. The only issue is that, as soon as the government announced the change, most HVAC system manufacturers stopped producing units that did not meet the new standards almost immediately. Unfortunately, this means that the supply of these less expensive units is quite limited, so you'll want to act soon if you don't want to pay the higher cost.

If you want to replace your central air conditioner or heat pump before the new changes are fully implemented, Homesense Heating & Cooling is ready to help. We install a full range of air conditioning units, including heat pumps, air conditioners, ovens and ductless minisplits, and our team can help you choose the unit that best suits your home and budget. We're happy to provide you with free estimates for all replacement services, and financing for new equipment is available through approved credit. Our certified HVAC technicians also specialize in the repair and maintenance of cooling and heating systems, as well as in indoor air quality services, ducting, thermostats, duct cleaning and inspection.

If you have any questions about the new efficiency standards or need any HVAC service in the Indianapolis area, call us today.