A notable example of price relating to quality is the recent Chinese drywall fiasco. To date, proposed settlements have exceeded $1 billion. By some estimates, that’s around 10 percent of total annual gypsum-board sales! For comparison, think about the cost if automakers recalled one out of every 10 cars sold each year.
Every market, including HVAC, has a place for the belief of, “If it’s cheap enough, it’s good enough.” There are air-conditioning contractors who provide equipment they know is of a lower quality but that they believe will make it through the warranty period. The most successful contractors and equipment suppliers (and service providers), however, are those who believe customer loyalty comes from good quality and good service, not being the lowest-price solution. Those who don’t believe that perhaps should try investing in product improvement—or hiring more qualified technicians—rather than “buying” their business by offering deeper discounts. Over the long term, they probably will make more money.
In HVAC, like with everything else, if it’s worth doing, it’s worth paying for.