House members clash over bill that would nix HVAC tax credits
U.S. House members are pushing back against their colleagues over Monday's tax bill, which would sunset two consumer-facing HVAC tax credits
Air Pros lines up buyers in bankruptcy case, docs show
The company has designated successful bidders for each of its business units, as part of its Chapter 11 bankruptcy case, per court records
While the Trump admin lowered the tariff rate on Chinese imports to 30 percent for 90 days, certain HVAC products still face a higher rate
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Economy
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U.S. lowers China tariffs, HVAC products still face higher rate
While the Trump admin lowered the tariff rate on Chinese imports to 30 percent for 90 days, certain HVAC products still face a higher rate
Chemours ‘pulling out all stops’ amid R-454B issues, CEO says
Stronger-than-anticipated demand for R-454B has put pressure on the supply chain, according to CEO Denise Dignam
HVAC shipments dip in March, remain positive over Q1
Central air conditioner and heat pump shipments fell slightly in March, but stayed positive over the first quarter, according to AHRI data
South, Rockies lead 27% increase in April cooling demand
April has recorded two consecutive years of nationwide cooling demand growth, according to the latest national weather data
Legal
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House members clash over bill that would nix HVAC tax credits
U.S. House members are pushing back against their colleagues over Monday's tax bill, which would sunset two consumer-facing HVAC tax credits
Lawmakers move to end HVAC tax credit
House Republicans on Monday released their long-awaited tax bill, which proposes eliminating a consumer-facing HVAC tax credit
EPA plans to scrap Energy Star program
As part of a broader restructuring, the EPA plans to eliminate two of its divisions, including the one that oversees Energy Star
Trump administration releases funds for low-income HVAC program
The Department of Health and Human Services released $400 million of the program's remaining funds, following states' concerns
M&A
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Air Pros lines up buyers in bankruptcy case, docs show
The company has designated successful bidders for each of its business units, as part of its Chapter 11 bankruptcy case, per court records
Redwood Services to land majority investment in $1.1 billion deal
The company is set to receive a majority investment from Toronto-based Altas Partners, according to people familiar with the matter
Merger forms major Midwest HVAC distributor
Two distributors last week announced a merger, forming the Midwest's largest independent wholesaler of Johnson Controls equipment
HVAC distributor acquires Coastal Supply, RJ Murray
The deals mark the second Northeast-focused distributor acquisition announced within the past 30 days
Management
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Inside MAX Service Group’s cinematic approach to advertising
A conversation, fresh off winning two advertising awards, about the company's video strategy, production logistics, and more
Organic lead volume pops 26% in Q1, analysis shows
Organic lead volume and average tickets grew in Q1, while customer acquisition costs fell, per an analysis of 100 contractors' marketing data
Google’s ‘AI Overviews’ halve click-through rates in 2024
For searches triggering AI Overviews in 2024, organic click-through rates were cut by more than half, according to a new analysis
Our most-read stories of January
A new administration, an OEM acquisition, and a couple technology developments
Technology
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Google tweaks Local Services Ads, will analyze calls to collect contractors’ pricing info
The company published a new set of terms, giving it the right to analyze all data within LSA profiles, including phone calls, per an email
Google launches AI-powered Q&A on contractors’ Business Profiles
The company has started rolling out a new feature that lets consumers ask specific questions about contractors when viewing Business Profiles
AI firms are coming for contractors’ ad dollars — but have a long way to go
While several AI-powered search engines appear to pose a threat to Google, data shows the gap remains miles wide
ChatGPT’s parent company eyes home services
OpenAI, ChatGPT's parent company, on Thursday rolled out a feature that can find, message, and hire contractors on consumers' behalf