With all this talk about going green, there is legislation being approved to move forward with the green initiative.
At the beginning of this year, the current administration adjusted the SEER requirements for HVAC units.
SEER is an acronym for seasonal energy efficiency rating, and it basically measures the energy efficiency of an HVAC unit. The higher the SEER the better and more energy efficient the unit is. Moreover, the better the SEER rating the more savings we should see on our energy bills. Well, with the new legislation, the SEER rating was replaced with a SEER2 rating which means that all newly manufactured HVAC units will need to comply with the new SEER2 rating. Due to this new rating, HVAC units will need to be manufactured and assembled to meet the new specs. With this change comes new growth for the HVAC industry which is projected to reach $27 billion by 2030. Currently, the industry is trending around $19 billion. This unprecedented growth is due to an increase in demand for new HVAC equipment as well as the push by the government to get new energy efficient HVAC units inside our homes. If you’re into the stock market, this might be a good time to invest some money into a solid HVAC manufacturing company. This could be a lucrative investment that could yield some real benefits in less than 10 years. But I digress. I understand why the administration passed the new SEER2 regulations, but I don’t know if this would begin to fix any damages that were already caused. I guess time will tell.