You’ve probably noticed HVAC prices are going up, up, up. Inflation has touched nearly every aspect of our lives, from skyrocketing gas prices to price hikes at the grocery store — and everything in between. But how have the impacts of inflation translated to commercial facilities?

Bloated transportation costs

At the pump, the cost of fuel alone has made a dramatic impact on transportation and shipping. Those rising costs in turn make materials more expensive (on top of some still being hard to find), not to mention make it more costly for technicians to drive around to service calls. Some companies have combatted the issue by reducing their service area, leaving some customers in a bind when they need help the most. 

Increased energy prices

According to the Bureau of Labor Statistics Producer Price Index, prices for energy rose 40% over the year ending April 2022. For building owners and managers, that represents a huge spike in overall operating costs — and a sizable dent to your bottom line. However, owners who have already taken steps to invest in renewable energy and other energy efficient solutions aren’t getting hit as hard and may see an increased savings on bills.

Rising refrigerant costs

Costs are up for refrigerants, but not necessarily because of supply shortages or inflation. Instead, rising costs may be attributed to new regulations and the phasing out of R22 in favor of the more efficient and eco-friendly R410A. High demand for newer refrigerant translates to higher costs for facility managers and owners. 

What you can do

Whether your HVAC system needs a little TLC, emergency service or you’re looking at all-new equipment, staying ahead of repair and replacement has never been more critical. Trust the experts at Legacy Mechanical. Call us today to schedule your appointment.