2015 has been marked by major changes affecting the price you can expect to pay for a new air conditioner. Sparked by the NAECA (National Appliance Energy Conservation Act) regional efficiency rating updates on January 1st, we’ve witnessed a decrease in manufacturer incentives and FPL rebates in comparison to 2014. This cycle is set to continue into 2016. So, if you’re thinking about upgrading your air conditioner, you’re probably asking yourself, when is the best time to buy? The answer is now, and here’s why:
- FPL is steadily decreasing, and may even be discontinuing, their rebates. Effective today (November 9th), FPL announced that they are decreasing their rebates for the third time this year. They will now only be offering a flat rebate of $150 for all new SEER 16 or 17 straight cool (not heat pump or furnace) systems installed in single family homes (not multi-family properties or commercial locations). This steady decline in rebate incentives is causing us to surmise that FPL will probably discontinue air conditioner rebates altogether by 2016.
- Major air conditioner manufacturers are announcing price increases for their products effective January 1, 2016. Although exact prices have not yet been released, our current information sources indicate price increases between 2-4% for new air conditioning equipment.
- Rebate programs from Lennox and Trane are expiring soon. Lennox is offering up to $1300 of mail-in rebates on select home comfort systems (expiration date: 11/27), and Trane is offering up to $1000 of instant rebates on air conditioners (expiration date: 11/15). Click Here for details. While these rebates represent great savings in themselves, right now you can add to your savings by taking advantage of what is left of the FPL rebates and avoiding any imminent price increases.
So, if you have an air conditioner that is running on its last leg, or you have been on the fence about springing for the energy efficient technology that’s available to you in a new air conditioner, you’ll be the wiser for making the most out of this window of opportunity.
Ready to find out which air conditioning system will get you the most bang for your buck? Fill out this form, or call us now at (941) 474-3691.