The HVAC industry continues to see widespread price increases in 2026, with many major manufacturers announcing adjustments to equipment, parts, and refrigerant pricing. These HVAC price increases in 2026 reflect a mix of tariff pressures, the completed A2L refrigerant transition, inflation, and supply chain disruption.
From tariff-driven surcharges to the full enforcement of low-GWP refrigerant mandates, the cost of doing business in the HVAC space remains on the rise. Below, you’ll find a running list of publicly announced price increases from leading HVAC brands. This article also maintains a historical archive of HVAC manufacturer price increases dating back to 2020 and serves as a CPI-style tracker for the post-COVID consumer HVAC market.
2026 HVAC Market Forces & Regulatory Shifts
Several key factors are driving price changes in 2026, including:
- Tariffs on Imported Components: Baseline 10% tariffs on all imports, combined with up to 145% on Chinese goods and 25% on Mexican products, are adding significant cost pressure across the supply chain. Even U.S.-assembled systems rely on imported compressors, circuit boards, and copper components that now carry higher duties.
- Full Enforcement of R-454B (A2L) Refrigerant Mandate: As of January 2026, all new residential and light commercial HVAC installations must use refrigerants with a GWP of 700 or less. R-410A is no longer permitted for new equipment. The transition to R-454B and R-32 requires redesigned cabinets, coils, controls, leak detection systems, and new safety features, all of which add cost to equipment. Ongoing R-454B cylinder shortages have further pressured pricing.
- Ongoing Inflation & Commodity Cost Increases: Rising costs in metals (copper, aluminum, steel), electronics, transportation, and logistics continue to impact production and distribution. Aluminum prices surged further in early 2026 due to Middle East conflict.
- Market Slowdown & Antitrust Scrutiny: A class-action lawsuit filed March 20, 2026 (Berg v. Robert Bosch, LLC, et al.) alleges that Trane, Carrier, Daikin, Bosch, Lennox, Rheem, and AAON coordinated price increases dating back to 2020. The case remains in early stages; all named defendants have denied the allegations. Meanwhile, residential HVAC shipments have been soft, with distributor Watsco reporting January-February 2026 sales down approximately 5%. ACHR News
- Expiration of Federal HVAC Tax Credits: The One Big Beautiful Bill Act (July 2025) terminated Sections 25C and 25D effective December 31, 2025. Homeowners lost the up-to-$2,000 annual credit for qualifying heat pumps and air conditioners, and the uncapped 30% credit on geothermal systems that routinely saved $8,000-$10,000 per project. Consumers now face the full unsubsidized cost of new equipment for the first time since 2022, on top of manufacturer price increases and higher A2L equipment costs. No federal replacement has been introduced. IRS | ENERGY STAR
What Manufacturers Are Saying: Q4 2025 Earnings Call Highlights
During Q4 2025 earnings calls (January-February 2026), the three largest publicly traded HVAC manufacturers gave clear signals on pricing, tariffs, and demand heading into 2026:
- Trane Technologies (Jan 29, 2026): CEO Dave Regnery confirmed a record enterprise backlog of $7.8 billion entering 2026. CFO Chris Kuehn stated that pricing has not faded and that the company is using strategic surcharges to offset tariff costs. Trane’s residential outlook for 2026 is flat to down 5%, with Q1 expected to be the trough at approximately -20% YoY. 100% of current shipments use R-454B refrigerant. SEC Filing
- Lennox (Jan 28, 2026): CFO Michael Quenzer confirmed that combined price and mix are expected to contribute mid-single-digit revenue growth for 2026, driven by the company’s 2026 price increase and carryover regulatory mix benefits. Cost inflation for 2026 is forecast at approximately 2.5%, reflecting tariff carryovers. Factory headcount was reduced by more than 1,000 in 2025. Full-year revenue guidance calls for 6-7% growth. Lennox Investor Relations
- Carrier (Feb 5, 2026): CEO David Gitlin reported that residential sales dropped nearly 40% in Q4 2025. The company’s 2026 outlook assumes U.S. residential industry units will be down 10-15%, with Carrier’s own residential sales declining high single digits. Carrier faces a $60 million headwind from copper, steel, and aluminum costs but says it will offset tariffs with “aggressive cost and pricing actions.” The data center HVAC business grew to approximately $1 billion. Motley Fool Transcript
Continue below for the most recent and historical price announcements by manufacturer.
MOST RECENT:
January 1, 2026 – Trane Technologies announced price adjustments of up to 5% on many residential HVAC products, effective January 1, 2026. ACHR News
September 27, 2025 – Trane Technologies’ commercial HVAC division announced price increases on select Trane equipment and services, with the majority in the 1% to 4% range. ACHR News
Trane entered 2026 with a record $7.8 billion backlog. The company’s residential outlook for 2026 is flat to down 5%, with Q1 expected down approximately 20% YoY. CFO Chris Kuehn confirmed pricing has not faded and the company is using strategic surcharges to offset tariff impacts. 100% of current Trane shipments now use R-454B refrigerant. SEC Filing
HISTORICAL:
- February 1, 2025 – Trane announced a 10% price increase on residential HVAC products, effective February 1, 2025.
- January 12, 2025 – Trane Technologies announced a price increase of 2% to 5% on select commercial HVAC products in North America, effective January 12, 2025. ACHR News
- January 1, 2024 – Trane Technologies announced price adjustments of up to 5% on residential products, effective January 1, 2024.
- November 17, 2023 – DAVIDSON, N.C. – The residential HVAC business at Trane Technologies announced price adjustments on residential HVAC equipment, with increases of up to 5% on some products; prices for other products decreased or remained unchanged. These adjustments applied to select Trane, American Standard Heating & Air Conditioning, RunTru by Trane, and Ameristar by American Standard equipment, plus related parts and supplies brands. The price adjustments took effect on January 1, 2024.
- May 1, 2023 – DAVIDSON, N.C. – Trane Technologies’ commercial HVAC business announced an average price increase of 4%-6% on select Trane® applied, ductless, and controls equipment. The increase was effective May 5, 2023.
- January 14, 2023 – DAVIDSON, N.C. – Trane Technologies’ commercial HVAC business announced a price increase ranging from 4%-7.5% on select Trane applied and controls equipment, as well as certain unitary products. The increase was effective January 14, 2023.
- January 9, 2023 – DAVIDSON, N.C. – Trane Technologies’ Residential HVAC business announced a price increase of up to 10% on select residential HVAC equipment. This increase applied to Trane, American Standard, RunTru, and Ameristar equipment. The price increase took effect on products that shipped on or after January 9, 2023.
- September 10, 2022 – Trane Technologies’ commercial HVAC business announced a price increase ranging from 3%-6% on select Trane unitary, applied, and controls equipment. Effective September 10, 2022.
- May 1, 2022 – Trane Technologies’ Residential HVAC and Supply business announced a price increase of up to 9% on select residential and light commercial HVAC equipment, effective May 1, 2022.
- May 16, 2022 – Trane Technologies’ commercial HVAC business announced a price increase of up to 18% on select Trane unitary, applied, and controls equipment. Effective May 16, 2022.
- November 15, 2021 – Trane Technologies’ Commercial and Residential HVAC businesses announced a price increase of up to 12% on select applied and unitary HVAC equipment. Residential effective January 1, 2022; commercial effective January 15, 2022.
- August 9, 2021 – Trane Technologies’ residential HVAC business announced a price increase of up to 7% on select residential HVAC equipment, effective August 9, 2021.
- April 2021 – Trane Technologies’ Residential HVAC & Supply business announced a price increase of up to 6% on select HVAC equipment.
MOST RECENT:
March 2, 2026 – Daikin announced a price increase of up to 7% on ductless, VRV, and light commercial products, effective March 2, 2026. ACHR News
HISTORICAL:
- May 1, 2025 – Daikin announced a price increase of approximately 7% on Daikin Mini-Splits and Goodman Daikin equipment, effective May 1, 2025. JSWMI
- April 1, 2025 – Daikin announced a price increase of up to 8% to 10% on all products (residential and commercial), effective April 1, 2025. ACHR News
- April 1, 2024 – Daikin Applied announced a price increase of up to 8% to 10% on all products, effective April 1, 2024. ACHR News
- July 29, 2022 – Daikin Applied announced a price increase of up to 5% on commercial HVAC equipment, effective August 31, 2022.
- May 25, 2022 – Daikin Applied announced a price increase of up to 12% on commercial HVAC equipment, effective May 25, 2022.
MOST RECENT:
February 16, 2026 – Lennox announced price increases of up to 10% on residential equipment and accessories, effective February 16, 2026. Lennox Investor Relations
Lennox CFO Michael Quenzer confirmed at the Q4 2025 earnings call (January 28, 2026) that the company’s 2026 price increase, combined with regulatory mix carryover, is expected to drive mid-single-digit revenue growth from price and mix alone. Cost inflation for 2026 is forecast at approximately 2.5%, reflecting tariff carryovers. Revenue guidance for FY2026 is 6-7% growth. Lennox Investor Relations
HISTORICAL:
- March 31, 2025 – Lennox Residential implemented two pricing actions: a price adjustment across their Parts & Supplies portfolio and a realignment of tariffs and surcharges on select HVAC equipment. ACHR News
- January 2025 – Lennox announced a 10% price increase on their new R-454B residential products, attributing the rise to costs associated with transitioning to A2L refrigerants.
- February 5, 2024 – Lennox Industries raised prices on its residential equipment and accessories by up to 10%.
- November 30, 2023 – Lennox announced plans to raise prices on residential equipment and accessories by up to 10%, effective February 5, 2024. ACHR News
- January 1, 2023 – Price increases up to 8% on residential and commercial products, accessories, and parts. ACHR News
- August 1, 2022 – Prices on commercial equipment increased by up to 14%.
- May 2, 2022 – Price increases up to 9% on residential and commercial equipment.
- January 18, 2021 – 3-6% price increase on all unitary residential and commercial heating and cooling products.
- June 1, 2021 – Price increases of 6-9% on all residential and commercial equipment, controls, and parts & supplies.
- January 1, 2022 – Prices increased by up to 13% on commercial equipment and accessories.
MOST RECENT:
May 25, 2026 – WaterFurnace announced an average 3.9% price increase across all residential product lines, parts, and accessories, effective May 25, 2026. Individual part numbers may vary. The increase is driven by inflationary costs, most notably material costs. A 1.1% tariff surcharge also remains in place as the company continues to evaluate Section 232 tariff regulations.
The loss of the Section 25D tax credit, which covered 30% of geothermal installation costs with no dollar cap, is expected to hit residential geothermal hard in 2026, with industry analysts projecting shipments could fall by as much as 50%. Homeowners installing geothermal systems in 2026 will pay $8,000 to $10,000 more out of pocket than they would have in 2025, while also losing the 25C credit that saved up to $2,000 annually on qualifying HVAC equipment. ACHR News
HISTORICAL:
- January 1, 2024: A 1.6% increase on all commercial equipment product lines, in response to rising refrigerant and logistical costs.
- February 13, 2023: A 4.5% price increase across all residential product lines. ACHR News
- July 26, 2022: A 6.1% price increase across all commercial product lines.
- March 31, 2022: A 9.4% price increase across all commercial product lines. ACHR News
- May 2, 2022: A 9.4% price increase across all residential product lines.
- March 31, 2022: A temporary $35 per unit freight surcharge on all unit orders.
MOST RECENT:
March 15, 2026 – Allied Air announced a price increase of up to 7%, effective March 15, 2026. ACHR News
HISTORICAL:
- January 13, 2025 – Allied Air Enterprises announced a price increase of up to 5% on residential parts and accessories.
- December 5, 2023 – Price increases of up to 10% on residential equipment, parts, and accessories, effective January 2, 2024.
- October 2023 – Price increases of up to 8% on all residential and commercial equipment, effective January 1, 2023.
- August 1, 2022 – Price increase of up to 14% on commercial equipment and accessories.
- June 1, 2022 – Price increase of up to 9% on residential and commercial equipment.
- January 1, 2022 – Price increase of up to 12% on residential and commercial equipment.
MOST RECENT:
As of April 2026, AAON has not announced a new equipment price increase for 2026. The most recent adjustment was a 6% tariff-related surcharge on all AAON HVAC equipment, effective March 31, 2025. AAON 2024 Annual Report
HISTORICAL:
- March 29, 2022: AAON implemented a 7% price increase on all HVAC equipment.
- September 1, 2021: AAON announced a 5% price increase. Stock Titan
- June 1, 2021: A 4% price increase following a 30-50% rise in raw material costs.
- January 1, 2021: A 5% price increase in response to inflationary pressures.
MOST RECENT:
2026 – Carrier CFO Patrick Goris confirmed at an investor conference that the company intends to announce a residential price increase in the Americas for 2026, likely in the mid-single-digit range, citing ongoing material cost inflation, particularly copper and aluminum. Carrier CEO David Gitlin made similar statements at a December 2025 Goldman Sachs conference. ACHR News
During Carrier’s Q4 2025 earnings call (February 5, 2026), CEO David Gitlin reported residential sales declined nearly 40% in Q4. The company’s 2026 outlook assumes U.S. residential industry units down 10-15%. Carrier faces a $60 million headwind from copper, steel, and aluminum but stated it will offset tariffs with “aggressive cost and pricing actions.” CFO Patrick Goris confirmed a mid-single-digit residential price increase for 2026. Motley Fool Transcript | ACHR News
HISTORICAL:
- March 1, 2025 – Carrier announced a blended average price increase of 6% on residential HVAC products and 8% on light commercial products. ACHR News
- December 5, 2022 – Carrier implemented a price increase of up to 8% on North American commercial applied products.
- July 11, 2022 – Carrier announced a price increase of up to 12% on North American light commercial, commercial applied products, and controls. ACHR News
- April 11, 2022 – Carrier announced a price increase of up to 9% on North American residential, light commercial, commercial applied products, and HVAC parts and supplies.
- June 1, 2021 – Carrier announced a price increase of up to 7% on North American residential, light commercial, and commercial applied products.
MOST RECENT:
March 2026 – Russell HTPG published an updated equipment price list (RU2603PRICE) effective March 2026, superseding all earlier versions. Russell March 2026 Price List (PDF)
HISTORICAL:
- April 1, 2025 – Russell HTPG announced a price increase of up to 7% on equipment, accessories, options, warranties, and parts.
- May 1, 2022 – Price adjustment of up to 9% on equipment, accessories, warranties, and parts. Russell HTPG
- December 6, 2021 – General list price adjustment of 11% on equipment, parts, options, and warranties.
- February 1, 2021 – Prices raised approximately 5% on equipment, accessories, and parts.
Note: Bosch completed its $8 billion acquisition of Johnson Controls’ Residential & Light Commercial HVAC business (including the Johnson Controls-Hitachi joint venture) on July 31, 2025, the largest transaction in Bosch’s history. Integration was completed in January 2026. The Bosch Home Comfort Group now includes YORK® in the U.S. and Hitachi in Asia. Bosch Press Release | Johnson Controls Press Release
MOST RECENT:
As of April 2026, Bosch has not announced a new equipment price increase since completing its $8 billion acquisition of Johnson Controls’ R&LC HVAC business. The Bosch Home Comfort Group completed integration in January 2026 and reported preliminary 2025 sales of approximately €4.4 billion (excluding acquired units) at the 2026 AHR Expo. Contracting Business
The most recent price adjustments prior to the acquisition integration were:
May 1, 2025 – Bosch announced a 2% price increase on heat pumps. ACHR News
April 1, 2025 – Bosch implemented price adjustments of up to 10% across select HVAC products.
HISTORICAL:
- January 12, 2024 – Bosch increased prices on heat pumps by 6%.
- August 29, 2023 – Bosch announced various price increases on heat pumps.
MOST RECENT:
March 2, 2026 – Goodman announced a price increase of up to 7% on equipment, effective March 2, 2026. Goodman/Daikin parts saw an 11% increase the same day. Goodman/Daikin equipment saw an additional 3.5-5% increase. ACHR News
HISTORICAL:
- May 22, 2025 – Goodman announced a 4% price increase on OEM parts. JSWMI
- May 1, 2025 – Goodman implemented a 7% price increase on HVAC equipment.
- April 1, 2025 – Goodman announced an 8-10% price increase on select HVAC equipment. ACHR News
- February 1, 2024 – Goodman implemented a 7% price increase on equipment and a 3% increase on parts.
- July 1, 2023 – Goodman announced a 5.2% price increase on parts.
Note: Johnson Controls completed the sale of its Residential & Light Commercial HVAC business to Bosch on July 31, 2025 for $8.1 billion. Johnson Controls now operates as a pure-play provider of commercial building solutions. Johnson Controls Press Release
MOST RECENT:
As of April 2026, Johnson Controls has not announced new HVAC equipment price increases since divesting its Residential & Light Commercial HVAC business to Bosch on July 31, 2025. The most recent pre-divestiture pricing actions were:
April 28, 2025 – A 7% price increase on sprinklers, valves/devices, and mechanical & grooved products. Core & Main (PDF)
March 17, 2025 – A 2% price increase on select products, excluding software. Building Controls Group
HISTORICAL:
- March 24, 2025 – Johnson Controls announced a 9% price increase on all sprinklers and a 7% increase on valves/devices. Core & Main (PDF)
- 2024 and Earlier – Previous price adjustments were made in response to inflationary pressures, increased supplier costs, and transportation expenses.
Known 2026 Price Increases
HVAC manufacturers and suppliers have announced significant price increases throughout 2026, driven by tariffs, ongoing inflation, commodity volatility, and the completed A2L refrigerant transition.
January 2026
- Aspen Manufacturing – 5% increase on coils, 4% on air handlers, average 5% on parts, effective Jan 5 ACHR News
- Broan-NuTone – 3-10% increase on most items, effective Jan 1 ACHR News
- Centrotherm – Average 6% increase, effective Jan 1 ACHR News
- Copeland Compressors – Various increases by product line, effective Jan 5 ACHR News
- Crown Engineering – 5% increase, effective Jan 1 ACHR News
- DiversiTech – 0-5% increase on most items, effective Jan 1 ACHR News
- Genesis Cable – Approximately 5% increase, effective Jan 19 ACHR News
- InOvate – 10% increase on DryerFlex/DryerClamp products, effective Jan 5 ACHR News
- iO HVAC Controls – Average 6.5% increase, effective Jan 5 ACHR News
- Johns Manville – 6-8% increase, effective Jan 5 ACHR News
- Parker Hannifin (HVAC Filtration) – Increase TBD, effective Jan 16 ACHR News
- Trane – Up to 5% on residential products, effective Jan 1 ACHR News
February 2026
- Lennox – Up to 10% on residential equipment and accessories, effective Feb 16 Lennox Investor Relations
- Navac – 0-10% increase; select models saw decreases, effective Feb 1 ACHR News
- Aeris Metal Linesets – Copper-driven increase, effective Feb 9 ACHR News
March 2026
- Amana – Up to 7% increase, effective Mar 2 ACHR News
- Daikin – Up to 7% on ductless, VRV, and light commercial, effective Mar 2 ACHR News
- Goodman – Up to 7% increase, effective Mar 2 ACHR News
- Goodman/Daikin Equipment – 3.5-5% increase, effective Mar 2 ACHR News
- Goodman/Daikin Parts – 11% increase, effective Mar 2 ACHR News
- ICP (Heil/Tempstar) – 4% increase on equipment, effective Mar 2 ACHR News
- Empire Comfort Systems – 4-8% increase, effective Mar 1 ACHR News
- RGF Environmental Group – 10% increase on select IAQ products, effective Mar 1; 8% effective Mar 6 ACHR News
- Viessmann – 3-5% increase, effective Mar 2 ACHR News
- Southwire – 2% increase, effective Mar 9 JSWMI
- Air King – Up to 7% increase, effective Mar 9 ACHR News
- Allied Air – Up to 7% increase, effective Mar 15 ACHR News
- Z-Flex – 4% increase, effective Mar 17 JSWMI
- Dayus Register & Grille – Average 5% increase, effective Mar 2 ACHR News
- Metal-Fab – 4% increase on select product groups, effective Mar 2 ACHR News
- LSP – 3% on all items except 5% on V series and 15% on Copper Stubouts, effective Mar 15 ACHR News
- Tekmar – Average 2.6% increase, effective Mar 15 ACHR News
- Zebra Instruments – Up to 12.2% increase, effective Mar 15 ACHR News
April 2026
- ICP Parts – 4% increase, effective Apr 1 ACHR News
- Robertshaw – Average 6% increase, effective Apr 6 ACHR News
- Infrasave – Price increase, effective Apr 9 ACHR News
- National Comfort Products – 7% increase, effective Apr 16 ACHR News
- Omnimax/Verde Industries – Up to 15% on aluminum, 12% on copper products, effective Apr 13 ACHR News
- Solar & Palau USA – 5% commercial ventilation, 10% residential ventilation, effective Apr 26 ACHR News
- NDL – 5% on ACR and PAC copper fittings, effective Apr 2 ACHR News
- VTS American – 15% price decrease on AV230, AV300, and AVS380 modular air handling platforms ACHR News
May 2026 (Announced/Upcoming)
- Sporlan – 4% increase, effective May 1 JSWMI
- Little Giant Pumps – 2% increase, effective May 1 JSWMI
- Navien – Price increase, effective May 17 JSWMI
- WaterFurnace – Average 3.9% increase across all residential product lines, parts, and accessories, effective May 25; 1.1% tariff surcharge remains in place
Recent Mergers & Acquisitions in HVAC (2025-2026)
The HVAC industry has experienced significant consolidation, with major players expanding their portfolios through strategic acquisitions.
Bosch Completes $8 Billion Acquisition of Johnson Controls’ HVAC Division
- July 23, 2024 – Bosch reached a definitive agreement to acquire Johnson Controls’ R&LC HVAC business for $8.1 billion. Bosch Press Release
- July 31, 2025 – Bosch officially completed the acquisition. The deal nearly doubled Bosch’s Home Comfort division to 25,000+ employees and $8.6B+ in annual sales. Bosch Press Release | Johnson Controls Press Release
- January 2026 – Bosch announced integration was complete, with early synergy effects in product portfolios and logistics. Now includes YORK® in the U.S. and Hitachi in Asia. Contracting Business
Paloma Rheem Acquires Fujitsu General
- January 6, 2025 – Fujitsu Limited’s board approved a transaction agreement with Paloma Rheem Holdings. Fujitsu News (PDF)
- April 25, 2025 – Paloma Rheem commenced a tender offer for Fujitsu General shares. Fujitsu General (PDF)
- May 30, 2025 – Paloma Rheem completed the tender offer, acquiring approximately 46.56% of Fujitsu General for ~$1.63 billion. Cooling Post
HVAC Antitrust Lawsuit (2026)
- March 20, 2026 – A class-action lawsuit (Berg v. Robert Bosch, LLC, et al.) was filed in U.S. District Court for the Eastern District of Michigan, alleging Trane, Carrier, Daikin, Bosch, Lennox, Rheem, and AAON coordinated price increases dating back to January 2020. The defendants collectively control more than 90% of the U.S. HVAC equipment market. All named defendants have denied the allegations. ACHR News
This page is updated periodically as new manufacturer announcements become available. For other homeowner resources, visit gopaschal.com/resources.
