BOSS co-owner and youngest Street brother, Jeff Street calls in to talk with WSJM’s Spencer Rivers all the way from his hometown of Dowagiac. We apologize for the call dropping in and out at times, but we promise to provide an excellent Raising the Standard recap for you to fill in any holes!
Today’s topic: Rising prices. You may have noticed prices going up at the grocery store, at the gas station, and if you’re remodeling your home, lumber will cost you a pretty penny! In a normal year, our industry is notified that heating and cooling equipment pricing is going up only in January, at the beginning of the year. Well, 2 weeks ago mid-year, our suppliers let us know that we’re getting another price increase this August, which is completely unheard of.
So when is BEST time to buy a new HVAC system for a good deal?
With the unpredictability of the market, you can expect to typically get the best deals on HVAC equipment in the spring and the fall, because it’s a slow time and companies are trying to keep busy. However, with the price increases that are going around, the best time to buy is right now. The simple fact is we just don’t know what’s going to happen in a month or two, or even three months in this climate.
We Have a Solution to Rising Prices…
So here is what we are doing to ensure customers aren’t subjected to rising prices: If you get a quote from us anytime this year, as early as right now in July, we will lock that price in for the year for your new HVAC system. Whether it’s a new air conditioner, furnace, boiler, etc, we will honor the quote we give you from now until the end of 2021.
Before You Go…Know Your HVAC Equipment Life Expectancy
Everything in your home has a timeline. The second you install it, it’s clock has started ticking. So if you have any HVAC or plumbing equipment below that is approaching the following life expectancy, now is definitely the time to get a quote for new equipment:
Water Heater: 10-12 years
Air Conditioner: 8-12 years
Furnace: 15-20 years
High Efficiency Boiler: 10-15 years
Standard Efficiency Boiler: 20-25 years
Now these life expectancies can vary depending on the brand, quality, installation, and manufacturer of the equipment. The installation is every bit as important as the equipment because if it’s not installed properly, the equipment won’t last as long as intended. So there’s a lot of different factors that go into life expectancy, but these are just national averages.
If your equipment is nearing these life expectancy ages and just hasn’t been working as well as it used to, needing more repairs, causing higher than normal energy bills, etc., right now is the BEST time to give us a call to lock in a quote for a replacement. We aren’t trying to use scare tactics, but just be honest with customers that supply and demand is unpredictable in today’s home improvement market, and you just never know when prices are going to rise again!