Homeowners' Search for Energy Efficiency Creates Opportunities for HVAC Contractors
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With energy prices soaring to new record heights, homeowners are showing increased interest in projects that provide greater energy efficiency in their homes, according to the recent Remodeling Market Index survey by the National Association of Home Builders.
Among remodelers surveyed, 33% report that their clients increasingly ask for home improvement projects that will enhance the energy efficiency of their homes.
In the plumbing and HVAC arena:
- 56% of remodelers have installed/upgraded high-efficiency HVAC systems.
- 46% say they have installed water-saving faucets and fixtures.
- 35% report installing tankless water heaters.
"It's no surprise with rising energy prices and other costs draining the piggy bank that homeowners want to maximize home performance with green remodeling options," said Lonny Rutherford, NAHB remodelers chairman.
The quarterly Remodeling Market Index measures remodeler perceptions of market demand for current and future residential remodeling projects. These figures do not include similar types of jobs that may have been done by plumbing and HVAC contractors.