(BPT) - Like many sectors, the HVAC industry is no stranger to new challenges, technological advancements and regulatory shifts which in turn can impact homeowners. Today, the sector is buzzing with trends that directly impact homeowners' comfort, wallet and the planet.
The following insights will help homeowners navigate the evolving HVAC market, enabling them to make informed decisions that benefit their homes and create a more sustainable future.
Decarbonization-Focused Products Offer Sustainability and Savings
In many parts of the country, fossil fuels, such as propane, coal and natural gas, deliver the energy necessary to power furnaces, boilers and water heaters. Using these resources as efficiently as possible is important to saving consumers money and safeguarding the environment. The reality is that the supply of these resources is limited and burning fuels adds harmful greenhouse gases to our atmosphere.
Homeowners concerned about the environment can act to decarbonize their homes, without sacrificing comfort and convenience. Decarbonization is a strategy focused on reducing dependence on resources that produce high levels of carbon emissions and greenhouse gases. The objective of decarbonization is to create a cleaner, more sustainable future that supports the demands and benefits of our modern lifestyle.
With their significant impact on any home's energy use, HVAC systems are critical in any homeowner's sustainability and decarbonization journey. Fortunately, the HVAC industry is increasingly championing sustainability, and homeowners today can seek environmentally conscious solutions and companies when making decisions about home heating and cooling equipment. Products that households may consider when following the decarbonization trend are heat pumps, which not only offer efficient temperature control but also contribute to reducing carbon footprints and provide savings on utility bills. For those that may not be familiar, heat pumps offer an energy-efficient alternative to furnaces and air conditioners, and they use the refrigeration cycle to move heat from the outside in, or the inside out, keeping your home at the perfect temperature.
Homeowners should also consider their surrounding environment when selecting a unit. For example, another option that works in all environment types would be a dual fuel system. Often overlooked, a dual fuel system includes a heat pump and gas furnace. On days with colder temperatures, the furnace will ensure that homes stay comfortable despite what's going on outside.
Leverage New Regulatory Standards to be Clean, Green and Code Compliant
Homeowners often find themselves navigating a maze of regulations impacting a range of home products, including HVAC systems. Starting January 1, 2025, a significant change from the Environmental Protection Agency (EPA) will involve the switch to more sustainable refrigerants.
Rheem®, a forward-thinking industry player and HVAC manufacturer, has been actively preparing its product lines for this transition and offers homeowners product options, such as heat pumps, that can help reduce a user's environmental footprint.
Explore Financing and Tax Credit Savings
Inflation and higher interest rates can pose challenges to homeowners looking to invest in highly efficient products. Recognizing this, many contractors offer financing options such as Rheem's KwikComfort® financing. Additionally, and specifically for homeowners, tax incentives such as the IRA come with incentives for homeowners to upgrade and install environmentally friendly equipment and appliances throughout their home. By taking advantage of the tax credit, homeowners can reduce their tax bill by up to $3,200 and offset some of the upfront costs of making energy-efficient home improvements.
Being a savvy homeowner isn't just about comfort - it's about empowerment. By embracing decarbonization and regulatory shifts, homeowners can actively contribute to a greener, more sustainable future while enhancing the comfort and efficiency of their homes and saving money.
