If you were looking for one more reason to replace your older heating and cooling system, add refrigerant prices to that list.
This month the EPA announced reductions in the amount of available R-22 refrigerant. R-22 is the refrigerant most commonly used in residential and light commercial air conditioning systems and heat pumps from the 1960’s to 2004. In 2012 the EPA reduced the amount by 45%, causing the price to rise by more than 300%. For 2013 the reduction was also scheduled to be 10% but has been raised to 29%. We have already received price increases from our suppliers as well as availability restrictions.
As much as we are Pro Environment, these price increases will fall unto consumers already strained wallets. We are disappointed that the reductions have been increased over those scheduled.