We are taking the following precautions due to the COVID-19 virus. All of our technicians have masks, glasses, latex gloves and shoe booties if they have to enter your home. Our technicians also have hand sanitizer and disinfectants that they use after every call.
If we are there to do maintenance and we don’t have to come inside your home to get to the equipment, we are asking homeowners to adjust the thermostat for us so we can do the system maintenance without entering the home. We will not be shaking hands and will keep our distance from customers.
So far, no area of the blue collar trades has been left untouched, as materials costs for all jobs & projects has increased. The latest, and perhaps most volatile of price increases has landed on water heaters.
Water Heater Manufacturer, A.O. Smith Raises Costs for the Fourth Time this Year
A. O. Smith Corp. said it is boosting prices starting in August following higher material costs.
The company said in a securities filing that it is generally going to raise prices by the low double digits on a majority of its commercial and residential water heater products and services. This will affect parts of the U.S.
The company said the increases is due to higher material costs and specifically mentioned increasing transportation costs and the accelerating cost of steel.
The latest increase will put A.O. Smith costs at a 36% increase this year.
Water Heater Manufacturing Company, Rheem, Set To Increase Prices On Tank Water Heaters
Fort Smith, AR – The water heater division of Rheem Sales Company, Inc. has announced price increases of 10-12% on Rheem Tank Water Heaters. The company has made several price increase announcements this year, including the air conditioning manufacturing arm of the company.
Bradford White Water Heaters Price Increases in 2021
In a letter addressed to Bradford White customers, VP of Sales Matt Kozak has announced a price increase on the behalf of the company.
February 5, 2021 Subject: Bradford White Water Heaters Price Increase Dear Valued Customer: Since our last letter to you dated November 11, 2020, the global pandemic has continued to affect the worldwide markets. At Bradford White, we have continued to absorb significant additional cost increases in steel, freight, and other commodities used in the manufacture of water heaters. After detailed analysis and careful consideration, we have come to the determination that we will be implementing the following, additional price increase, effective with orders received at Bradford White beginning March 29, 2021. Product Category Approximate Price Increase Residential Products (Gas and Electric Tank Type) 9% Commercial Products (Gas and Electric Tank Type) 7% Commercial Storage Tanks 7% Heat Pump Products 9% Solar Products 9% To qualify for current pricing, all orders must be received at Bradford White by March 26, 2021, and be for shipment at our discretion. The demand for water heaters is approaching an all time high due to impacts from the global pandemic. Inventory imbalances, nesting, and an increase in new construction have all contributed to the rise in demand. In an effort to ensure a consistent flow of product and minimize the impact on lead times during the increase period, we will be limiting orders received on or before March 26, 2021 to your normal monthly purchase volume, or as our production capacity will allow. Thank you for your continued support. If you have any questions, please feel free to contact your Sales Representative, your Regional Sales Manager, Director of Sales, or me. Sincerely, Matt Kozak Vice President – Sales
Overall, these price increases add to the list of ever increasing products & commodities. Signs do not currently point to a slow down, and as such, future price increases may be expected.