News/Updates

Why HVAC Services and Equipment Companies Should Offer Financing

Does your HVAC services company offer financing for its customers? Believe it or not, offering financing for customers is becoming more and more common across the HVAC industry with the current state of the economy and rising prices across all facets of life. If you’re not offering this benefit to your clients, you could be losing out on both current and future business. 

Financing hasn’t always been common – much less popular – in HVAC services companies. It does have associated costs, and many HVAC contractors avoided it because of those costs. However, as prices rise and customers’ expendable income shrinks, offering financing is becoming more and more common to both retain clients and attract new business. 

Related: HVAC Industry Trends to Watch in 2023

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Understanding the Importance of HVAC Regulations and Code Compliance

Staying updated on the latest industry regulations and code compliance requirements is a critical component of being both an HVAC wholesaler and HVAC service business. This is especially true as regulatory bodies continue to introduce new rules and regulations regarding energy efficiency and environmental conservation. If HVAC companies and technicians don’t stay up to date, they can face penalties and fines, as well as decreased system reliability in their products and services. 

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