2025 HVAC Price Increases by Brand
The HVAC industry continues to see widespread price increases in 2025, with many major manufacturers announcing adjustments to equipment, parts, and refrigerant pricing. These HVAC price increases in 2025 reflect a mix of inflation, regulatory shifts, and supply chain pressure.
From refrigerant transitions to inflationary pressures, 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.
June 23rd, 2025
2025 HVAC Market Forces & Regulatory Shifts
Several key factors are driving price changes in 2025, including:
- Refrigerant Transition to R-454B: The industry-wide move away from R-410A to low-GWP refrigerants like R-454B is affecting equipment prices and availability. Some manufacturers are increasing unit pre-charges to reduce the need for field-added refrigerant, due to widespread shortages of R-454B cylinders.
- Ongoing Inflation & Commodity Cost Increases: Rising costs in metals, electronics, transportation, and logistics continue to impact production and distribution.
- Global Supply Chain Disruptions: Uncertainty in overseas shipping lanes, railways, and materials procurement—especially related to ongoing geopolitical tensions—are adding further pressure to prices.
Continue below for the most recent and historical price announcements by manufacturer.
MOST RECENT:
February 1, 2025 — Trane announced a 10% price increase on residential HVAC products, effective February 1, 2025. Mt. Hope Heating & Cooling
HISTORICAL:
- 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 achrnews.com+1x.com+1
- January 1, 2024 — Trane Technologies announced price adjustments of up to 5% on residential products, effective January 1, 2024. Mattioni Plumbing callmattioni.com
- 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 varied by product, with some items subject to higher or lower increases. 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, with some items subject to additional increases. 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 Heating & Air Conditioning, RunTru by Trane, and Ameristar by American Standard equipment, and related parts and supply brands. The price increase took effect on products that shipped on or after January 9, 2023.
- September 10, 2022 – DAVIDSON, N.C. — Trane Technologies’ commercial HVAC business announced a price increase ranging from 3%–6% on select Trane unitary, applied, and controls equipment, with some items subject to additional increases. The increase was effective September 10, 2022.
- May 1, 2022 – DAVIDSON, N.C. — Trane Technologies’ Residential HVAC and Supply business announced a price increase of up to 9% on select residential and light commercial HVAC equipment. Some items were subject to an additional increase. The increase applied to Trane, American Standard Heating & Air Conditioning, Mitsubishi Electric Trane HVAC US, RunTru by Trane, and Ameristar by American Standard equipment that shipped on or after May 1, 2022.
- May 16, 2022 – DAVIDSON, N.C. — Trane Technologies’ commercial HVAC business announced a price increase of up to 18% on select Trane unitary, applied, and controls equipment, with some items subject to additional increases. The increase was effective May 16, 2022.
- November 15, 2021 – DAVIDSON, N.C. — Trane Technologies’ Commercial and Residential HVAC businesses announced a price increase of up to 12% on select applied and unitary HVAC equipment for Trane®, American Standard Heating & Air Conditioning®, Trane®/Mitsubishi Electric, RunTru®, and Ameristar® equipment. Some items were subject to an additional increase. The price increase for residential products took effect on products that shipped on or after January 1, 2022. The price increase for commercial products was effective January 15, 2022.
- April 31, 2021 – DAVIDSON, N.C. — Trane Technologies’ Residential HVAC & Supply business announced a price increase of up to 6% on select HVAC equipment. The increase applied to Trane, American Standard Heating & Air Conditioning, Mitsubishi Electric Trane HVAC US, RunTru by Trane, and Ameristar by American Standard equipment. The increase was effective as early as April 31, 2021.
- August 9, 2021 – DAVIDSON, N.C. — Trane Technologies’ residential HVAC and supply business announced a price increase of up to 7% on select residential HVAC equipment. The increase took effect on products that shipped on or after August 9, 2021, and applied to Trane, American Standard Heating & Air Conditioning, Mitsubishi Electric Trane HVAC US, RunTru by Trane, and Ameristar™ by American Standard equipment.
MOST RECENT:
May 1, 2025 — Daikin announced a price increase of approximately 7% on Daikin Mini-Splits and Goodman Daikin equipment, effective May 1, 2025. JSWMI
HISTORICAL:
- April 1, 2024 — MINNEAPOLIS — Daikin Applied announced a price increase of up to 8% to 10% on all products, effective April 1, 2024. ACHR News
- July 29, 2022 — MINNEAPOLIS — Daikin Applied announced a price increase of up to 5% on commercial heating, ventilation, and air-conditioning (HVAC) equipment. The increase varies based on the make and model of the equipment, and it applies to all new orders received on or after August 31, 2022.
- May 25, 2022 — MINNEAPOLIS — Daikin Applied announced a price increase of up to 12% on commercial heating, ventilation, and air-conditioning (HVAC) equipment. The increase applies to all new orders received after May 25, 2022.
MOST RECENT:
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. Facebook+1ACHR News+1
January 2025 — Lennox announced a 10% price increase on their new R-454B residential products, attributing the rise to the costs associated with transitioning to A2L refrigerants and the incorporation of new technologies to meet updated efficiency standards. Homepros+3Homepros+3Homepros+3
HISTORICAL:
- February 5, 2024 — Lennox Industries raised prices on its residential equipment and accessories by up to 10%. This increase followed earlier 2023 announcements and was driven by expected rises in the cost of R-410A refrigerant and other inflationary pressures.
- November 30, 2023 — Lennox announced plans to raise prices on residential equipment and accessories by up to 10%, effective February 5, 2024. This move followed an October announcement of up to 8% price increases on commercial equipment and accessories effective January 1, 2024.
- January 1, 2023 — Price increases up to 8% on residential and commercial products, accessories, and parts due to inflationary pressures, increased supplier costs, and transportation & freight cost increases.
- August 1, 2022 — Prices on commercial equipment, accessories, and parts and supplies increased by up to 14% due to persistent cost inflation and regulatory transitions.
- May 2, 2022 — Price increases up to 9% on residential and commercial equipment, accessories, and parts and supplies due to inflation.
- 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 due to inflationary raw material costs.
- January 1, 2022 — Prices increased by up to 13% on commercial equipment and accessories.
MOST RECENT:
As of 2025, WaterFurnace International Inc. has not announced any new price increases for its geothermal and water-source heat pump products. The most recent price adjustment was a 1.6% increase on all commercial equipment product lines, effective January 1, 2024, in response to rising refrigerant and logistical costs.
HISTORICAL:
- February 13, 2023: A 4.5% price increase across all residential product lines was implemented due to rising inflation on various costs .ACHR News
- July 26, 2022: A 6.1% price increase across all commercial product lines was announced, effective immediately, in response to rising supply chain costs, commodity inflationary pressures, and transportation and logistics inflation.
- March 31, 2022: A 9.4% price increase across all commercial product lines was implemented, effective immediately, in response to rising supply chain costs and commodity inflationary pressures .ACHR News
- May 2, 2022: A 9.4% price increase across all residential product lines was implemented, effective immediately, in response to rising supply chain costs and commodity inflationary pressures.
- March 31, 2022: A temporary $35 per unit freight surcharge on all unit orders was implemented, effective immediately, with no surcharge applying to accessory and replacement part orders.
MOST RECENT:
WEST COLUMBIA, S.C. — Allied Air Enterprises announced a price increase of up to 5% on residential parts and accessories, effective Monday, January 13, 2025.
HISTORICAL:
- December 5, 2023 — Allied Air Enterprises announced price increases of up to 10% on residential equipment, parts, and accessories, effective January 2, 2024.
- October 2023 — Allied Air Enterprises announced price increases of up to 8% on all residential and commercial equipment, accessories, and service parts, effective January 1, 2023.
- August 1, 2022 — Allied Air Enterprises announced a price increase of up to 14% on commercial equipment and accessories due to inflationary pressures.
- June 1, 2022 — Allied Air Enterprises announced a price increase of up to 9% on residential and commercial equipment, accessories, and service parts due to persistent inflationary costs.
- January 1, 2022 — Allied Air Enterprises announced a price increase of up to 12% on residential and commercial equipment, accessories, and service parts due to persistent inflationary costs.
MOST RECENT:
March 31, 2025 — TULSA, Okla. — AAON, Inc. announced a 6% surcharge on all AAON HVAC equipment, effective March 31, 2025. This adjustment was implemented in response to new tariffs affecting imported components. AAON
HISTORICAL:
- March 29, 2022: AAON implemented a 7% price increase on all HVAC equipment due to inflationary pressures.
- June 1, 2021: A 4% price increase was enacted following a 30–50% rise in raw material costs, including stainless steel, galvanized steel, and copper.
- September 1, 2021: AAON announced a 5% price increase due to continued inflationary pressures. Stock Titan
- January 1, 2021: A 5% price increase was implemented in response to inflationary pressures.
MOST RECENT:
March 1, 2025 — Carrier Global Corporation announced a blended average price increase of 6% on residential HVAC products and 8% on light commercial products. This adjustment is attributed to ongoing inflationary pressures and increased costs of raw materials and components. The price increases are effective March 1, 2025. ACHR News
HISTORICAL:
- December 5, 2022 — Carrier implemented a price increase of up to 8% on North American commercial applied products. Mattioni Plumbing
- July 11, 2022 — Carrier announced a price increase of up to 12% on North American light commercial, commercial applied products, and controls.
- 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 1, 2025 — Russell HTPG announced a price increase of up to 7% on equipment, accessories, options, warranties, and parts. This adjustment is due to ongoing inflationary pressures including rising costs for raw materials (steel, aluminum, copper, plastics), freight, and critical components such as compressors, valves, and motors. The price increase is effective April 1, 2025. Orders received prior to this date, for standard lead times, will be accepted at current pricing.
HISTORICAL:
- May 1, 2022 — Russell HTPG implemented a price adjustment of up to 9% on equipment, accessories, warranties, and parts due to continued inflation in freight, raw materials, and critical component costs. Orders received before this date were accepted at previous pricing.
- December 6, 2021 — A general list price adjustment of 11% on equipment, parts, options, and warranties took effect due to increased freight, raw materials, and component costs.
- February 1, 2021 — Russell HTPG raised prices approximately 5% on equipment, accessories, and parts due to increased raw material, component, manufacturing operations, freight, and logistics costs.
MOST RECENT:
May 1, 2025 — Bosch announced a 2% price increase on heat pumps, effective May 1, 2025. This adjustment reflects rising costs in raw materials and manufacturing. ACHR News
April 1, 2025 — Bosch implemented price adjustments of up to 10% across select HVAC products. The increase is attributed to inflationary pressures, higher material costs, and the transition to new refrigerant standards.
HISTORICAL:
- January 12, 2024 — Bosch increased prices on heat pumps by 6%, citing increased costs in raw materials and logistics. Campbell & Company
- August 29, 2023 — Bosch announced various price increases on heat pumps, reflecting ongoing adjustments to market conditions and supply chain challenges.
MOST RECENT:
May 22, 2025 — Goodman announced a 4% price increase on OEM parts, effective May 22, 2025. This adjustment reflects rising costs in raw materials and manufacturing. Johnstone Supply Muskegon Group
May 1, 2025 — Goodman implemented a 7% price increase on HVAC equipment, including systems and units. This increase is attributed to inflationary pressures and higher material costs.
April 1, 2025 — Goodman announced a 8–10% price increase on select HVAC equipment, effective April 1, 2025. The adjustment accounts for increased costs associated with transitioning to new refrigerant standards and updated efficiency regulations.
HISTORICAL:
- February 1, 2024 — Goodman implemented a 7% price increase on equipment and a 3% increase on parts. These adjustments were driven by inflationary pressures and increased supplier costs. Campbell & Company
- July 1, 2023 — Goodman announced a 5.2% price increase on parts, effective July 1, 2023. The increase was attributed to rising costs in raw materials and logistics. Campbell & Company
MOST RECENT:
March 17, 2025 — Johnson Controls announced a 2% price increase on select products, excluding software. This adjustment is attributed to increased costs related to raw materials, surcharges, and duty liabilities. Building Controls Group+2Building Controls Group+2Building Controls Group+2
April 28, 2025 — An additional 7% price increase was implemented on sprinklers, valves/devices, and mechanical & grooved products. Core & Main+1Core & Main+1
HISTORICAL:
- March 24, 2025 — Johnson Controls announced a 9% price increase on all sprinklers and a 7% increase on valves/devices. Core & Main
- 2024 and Earlier — Previous price adjustments were made in response to factors such as inflationary pressures, increased supplier costs, and transportation expenses.
Known 2025 Price Increases
HVAC manufacturers have announced significant price increases in 2025, driven by factors such as new environmental regulations, tariffs, and rising material costs.burgesons.com+1WSJ+1
January 2025
- Copeland Compressors – Various increases effective Jan 1
February 2025
- Evcon Equipment – Various increases effective Feb 1
- Taco Pumps – 3–5% increase effective Feb 1
- Honeywell Commercial – 3% increase effective Feb 10
- Heatcraft/Climate Control – 4% increase effective Feb 20
March 2025
- Empire Comfort Systems – Various increases effective Mar 1
- Viega – 6% increase effective Mar 1
- Centrotherm – Various increases effective Mar 1
- Viessmann – 3–5% increase effective Mar 1
- Aspen Coils – 4% increase effective Mar 1
- ICP/Heil/Tempstar Equipment – Up to 6% increase effective Mar 10
- ICP Parts – 6% increase effective Mar 12
- Goodman Daikin Parts – Various increases effective Mar 21
April 2025
- Daikin Minisplits – 8–10% increase effective Apr 1
- Goodman Daikin Equipment – 8–10% increase effective Apr 1
- ICP Parts – Various increases effective Apr 1
- Navien – 1% increase effective Apr 5
- ICP Parts – 5% increase effective Apr 7
- ProFlex CSST – Various increases effective Apr 15
- NuCalgon – Various increases effective Apr 16
- Southwire – 4% increase effective Apr 17
- Robertshaw – 5–15% increase effective Apr 28
- Heatcraft/Climate Control – 5% increase effective Apr 28
May 2025
- Daikin Minisplits – 5–7% increase effective May 1
- Goodman Daikin Equipment – 5–7% increase effective May 1
- Fujitsu – 3–5% increase effective May 1
- AO Smith Water Heaters – Standard tank 12% increase effective May 1
- Viessmann – 3% increase effective May 1
- Taco Pumps – Various increases effective May 1
- Little Giant Pumps – Various increases effective May 1
- Bosch Heat Pumps – 2% increase effective May 1
- ICP/Heil/Tempstar Equipment – 3–6% increase effective May 5
- Sporlan – Various increases effective May 7
- Copper – 2–8% increase effective May 7
- Webstone – 60% increase effective May 8
- Southwire – Various increases effective May 9
- Viega – Various increases effective May 12
- Z-Flex – 5% increase effective May 12
- PVC – Various increases effective May 14
- Pro1 IAQ – 3% increase effective May 15
- Diversitech – Various increases effective May 15
- Fujitsu – 1% increase effective May 16
- Bell & Gossett (B&G) – 14% increase effective May 17
- Copeland Compressors – 9% increase effective May 19
- Navien – 19% increase effective May 21
- Infrasave – 4–6% increase effective May 22
- Goodman Daikin Parts – 4% increase effective May 22
June 2025
- Grundfos Pumps – Various increases effective Jun 1
- Coleman Equipment – 2.7% increase effective Jun 1
- Evcon Equipment – 5% increase effective Jun 1
- Navien – 3–7% increase effective Jun 2
- Empire Comfort Systems – 3–4% increase effective Jun 2
- Heatcraft/Climate Control – 5–10% increase effective Jun 2
- Rectorseal – Various increases effective Jun 2
- Little Giant Pumps – Various increases effective Jun 3
- Resideo/Honeywell – 20% increase effective Jun 9
- Miller/Nortek Equipment – Various increases effective Jun 12
- Hart & Cooley – Various increases effective Jun 23
- Resideo/Honeywell – Various increases effective Jun 28
- ICP Parts – 1% increase effective Jul 1
Recent Mergers & Acquisitions in HVAC (2025)
The HVAC industry has experienced significant consolidation in 2025, with major players expanding their portfolios through strategic acquisitions.
Paloma Rheem Acquires Fujitsu General
- January 6, 2025 — Fujitsu Limited’s board approved a basic transaction agreement with Paloma Rheem Holdings Co., Ltd., initiating the process for Paloma Rheem to acquire Fujitsu General Limited. The Japan Times+4Fujitsu News+4FUJITSU GENERAL+4
- April 25, 2025 — Paloma Rheem Holdings announced the commencement of a tender offer for the shares of Fujitsu General Limited. FUJITSU GENERAL+1Fujitsu News+1
- May 30, 2025 — Paloma Rheem Holdings successfully concluded its tender offer, acquiring approximately 46.56% of Fujitsu General’s common shares. The acquisition, valued at approximately $1.63 billion, positions Paloma Rheem to enhance its global presence and product offerings, particularly in the ductless and heat pump segments. Cooling Post+13Cooling Post+13FUJITSU GENERAL+13
Bosch Acquires Johnson Controls-Hitachi’s HVAC Division
We’ll continue to update this page with the latest 2025 pricing information as new announcements are made. Visit gopaschal.com for more!
