How the 2024 Election Results Are Boosting the HVAC Industry

The results of the 2024 election are already having a positive effect on businesses across America. Right after the election, the stock market hit its biggest one-day increase ever, and the next day the Federal Reserve lowered its interest rates by 0.5%. These changes are great news for the heating and cooling industry. Here’s what we can expect:

Building Projects Taking Off

Quite a few building owners have had construction plans on pause. Now that the election is over and interest rates are coming down, they’re ready to move forward and spend money in 2025. This means more buildings will need heating and cooling systems installed. The demand for qualified HVAC workers will be even higher.

Changes in Rules and Markets

The new president plans to look at current energy programs and may make some changes. While the federal government might change some rules, state programs that help people buy energy-efficient systems are staying strong. This means HVAC companies will stay busy installing both traditional and high-efficiency systems.

Growing Need for Skilled Workers

As more construction projects begin and building owners upgrade their systems, HVAC companies need more skilled workers than ever before. Companies that can hire and keep good technicians will do very well in this growing market.

The future looks bright for the HVAC industry. With more building projects starting up and better loan rates available, 2025 is shaping up to be a very busy year for heating and cooling professionals.

Partner with Operations Lab to navigate the upcoming changes with ease. Connect with us today to learn more.