As the weather warms and tenants start to turn on their air conditioning units for the season we would like to remind you of the changes affecting the refrigerant used in most air conditioners. The U.S. plans to reduce over time the use of ozone depleting hydrochlorocarbons. (HCFC’s) The most common HCFC in use today is HCFC-22 or R-22, a refrigerant still used in existing air conditioners and refrigeration equipment. As seen in the chart below the U.S. strategy is to phase out the use of R-22 by 2020. Here is a link to the EPA which will explain in detail the plan https://www.epa.gov/ods-phaseout.
What this means to you:
- The reduction has caused the current price of R-22 to rise and it will continue to rise.
- Repairs to existing units will continue to become more and more expensive.
- Begin to set aside reserves now for replacing your system.
How we can help:
- Increase your reserve account.
- Provide proposals from trusted contractors.
- Make other recommendations.
Cathy Robertson- Vice President
Broker, ARM®, REALTOR®
T.E. Johnson & Sons