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WebHVAC March Monthly Top 5 HVAC Stories

Here are the top HVAC news stories for this month. They provide insights that will help you plan for your home’s HVAC needs, save money and make your home more comfortable too.

Here are is the top HVAC news for March 2016.

1. Home Automation Systems Too Costly and Complex, though HVAC an Exception

A recent survey from support.com showed the home automation industry is battling several perceptions to growth. They include high cost, complexity, lack of technical service and the corresponding need for self-service. However, automating your HVAC system through a wireless thermostat might be the exception to this trend. Most top HVAC brands such as Carrier and leading thermostat manufacturers offer Wi-Fi models and smart phone apps that allow customers to monitor and control their HVAC system from almost anywhere.

2. US Residential HVAC Industry Expecting Good Year: Will this Increase Costs?

If you’re planning to replace your HVAC system this year, you’ll have company. Increased construction and the fact that many consumers have been repairing rather than replacing in the last 8-10 years are spurring projections of growth. The higher demand might lead to higher costs. To save money, consider acting now, since HVAC contractors aren’t as busy now as at other times because winter has passed and the peak of the heating season is still a couple months away, depending on where you live. In addition, getting at least 3 written estimates from local companies that know they’re competing will let them know you’re serious about saving money. Look for the right balance of low cost and experience to find a qualified contractor for the work.

3. Solar Energy Equipment Installation Projected to Double in 2016

The actual figure is a predicted increase of 119 percent, according to the report from the Solar Energy Industries Association. Utility-scale, residential and commercial use will increase, and this will have implications for heating and cooling homes. Brands like Lennox, with its SunSource technology, are well positioned to take advantage of the increased popularity and production of solar power.

4. Energy Costs Expected to Remain Low in 2016

It was just a few years ago that energy costs were trending upward rapidly, but now they are steady or declining. Natural gas and propane prices are expected to remain low. The US Department of Energy is predicting that the cost of electricity will fall slightly in 2016, the first decline since 2002.

5. Are HVAC Industry Stocks a Good Buy in 2016?

If you’re interested in investing in HVAC company stocks this year, this overview from The Motley Fool might help you pick the right companies.

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