While our streak of 90-plus degree days may be making you sweat, it's also earning some cooling companies a hefty amount of cash. That's because many old air conditioners are giving-out in these extreme temps, while some homeowners are finally having central air installed.
Home Comfort Experts says revenue so far this year is up 30-percent. That's a dramatic number after a mild winter season, which kept furnace repairs and sales at bay. Now the company, which only months ago had little overtime to pay out, can barely keep up with its call volume.
"The winter was mild so business was a little off this winter, but this heat has brought it right back for us,” general manager David Hayes said.
On Tuesday, Home Comfort Experts had its full fleet of 11 service technicians and three installers out on the road. The bulk of calls, including one in South Bend's Edison Park neighborhood, stem from broken or poorly operable AC units.
"Like the rest of us, if we don't have air conditioning, you can only take so much. So we're going to do the best we can to get it up and going today and try to keep the homeowner cool,” service technician Jeremy Daley said.
Since Friday, Home Comfort Experts has dispatched 47 cooling service runs, that's about ten times its normal call volume.
"We’d generally be backed-up to three calls per technician per day. Now we're probably closer to five and that adds another four to six hours onto our days,” Daley added.
In fact, management at the six-year-old company says revenue is about the only thing it can't keep cool.
"Our business is up over 30% over last year at the same time so the heat is definitely helping us out. For example, we have installers that put in new equipment and they’re clocking 40 hours of overtime” Hayes added.
"We're all doing more jobs than what we normally would on a slow week. But as far as doing what needs to be done on every job, we never cut corners,” Daley concluded.
To keep your air conditioner in tip-top shape, experts recommend getting an annual check-up. In addition, remember to regularly switch out your filter about once a month. Finally, don't set your thermostat more than 20-degrees below the outside temperature, doing so could overwork your AC unit and drastically run-up your electric bill.