Frontdoor Offering Big Savings on New Heating & Air Conditioning Systems

Frontdoor Offering Big Savings on New Heating & Air Conditioning Systems

The program offers special pricing for American Home Shield members and Frontdoor app users

Frontdoor, Inc. (NASDAQ: FTDR) announced today the launch of its New HVAC Program. This program provides exclusive pricing on new, name-brand HVAC systems for American Home Shield members and Frontdoor app users.

“An HVAC system is one of the biggest purchases homeowners can make outside of buying their house, with many retail systems selling for $10,000-$12,000 or more,” said Frontdoor, Inc. Chief Operations Officer Evan Iverson. “Our program offers leading brands and expert installation at prices that could save the average homeowner thousands of dollars*.”

Homeowners taking advantage of the New HVAC Program receive the following benefits:

• Free in-person inspection and quote: A vetted Pro (contractor) will visit your home, evaluate your current HVAC system and give you an estimated replacement cost;
• Installation and removal: Schedule your installation and delivery day, a Pro will install your new HVAC and properly dispose of your old one;
• Exclusive member-only savings: Use our national buying power for significant savings on name brands like Lennox, Goodman, Bryant and GrandAire, based on availability in your area;
• Flexible payment options: Pay for your new equipment via credit card or opt for third-party financing, subject to approval**

With a new HVAC system, homeowners can expect lower monthly energy bills due to the system’s increased efficiency. This means a new system can pay for itself over time. Homeowners can also receive tax credits from the government when the new HVAC meets environmental standards, Iverson added.

“The average HVAC system lasts approximately 15 years, so if your system is approaching that timeframe, or if you simply want a better and more efficient system, now is an excellent time to upgrade through our exclusive program,” Iverson said. “New systems can lower your energy costs by up to 35% annually.† You can also enjoy a quieter system and better air circulation in your home,” he added.

Additionally, in January of next year, the federal government is phasing down the use of a common refrigerant used in many air conditioning systems because of its harmful effect on the environment. After January 2025, this refrigerant will be difficult to access and by extension, more expensive, adversely impacting millions of U.S. homes.

Scheduling a replacement before your AC breaks has the following advantages: the contractor can make sure the equipment is in stock and ready; they can get the job scheduled in advance; and they can typically complete the replacement often in a single appointment with downtime measured in hours.

“But if you wait until your HVAC breaks and then elect to replace it, these actions still have to happen, but they are rarely completed in a single day, leaving you without an HVAC as your replacement is coordinated,” Iverson said.

To learn more about how you can get a new, high quality discounted HVAC system, visit www.frontdoor.com/new-hvac-program or www.ahs.com.

*Pricing and amount of savings will vary based on location and equipment availability. HVAC system upgrades are offered by Frontdoor Pro and performed by a Frontdoor Pro independent service contractor. For Frontdoor Pro license numbers, please visit http://pro.frontdoor.com/contractor-licenses. Service may not be available in all areas.
**Financing provided by an independent financing company not affiliated with Frontdoor, Inc. or Frontdoor Pro.
†Energy savings are blended AHS and Frontdoor markets and were obtained via a third-party cost calculator (www.seerenergysavings.com). Savings vary based on location, system tonnage and SEER.

About Frontdoor, Inc.

Frontdoor is reimagining how homeowners maintain and repair their most valuable asset – their home. As the parent company of two leading brands, we bring over 50 years of experience in providing our members with comprehensive options to protect their homes from costly and unexpected breakdowns through our extensive network of pre-qualified professional contractors. American Home Shield, the category leader in home service plans with approximately two million members, gives homeowners budget protection and convenience, covering up to 23 essential home systems and appliances. Frontdoor is a cutting edge, one-stop app for home repair and maintenance. Enabled by our Streem technology, the app empowers homeowners by connecting them in real time through video chat with pre-qualified experts to diagnose and solve their problems. The Frontdoor app also offers homeowners a range of other benefits including DIY tips, discounts and more. For more information about American Home Shield and Frontdoor, please visit frontdoorhome.com.

Forward Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and beliefs, as well as a number of assumptions concerning future events. These statements are subject to risks, uncertainties, assumptions, and other important factors. Readers are cautioned not to put undue reliance on such forward-looking statements, because actual results may vary materially from those expressed or implied. The reports filed by Frontdoor pursuant to United States securities laws contain discussions of these risks and uncertainties. Frontdoor assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are advised to review Frontdoor's filings with the United States Securities and Exchange Commission (which are available on the SEC's EDGAR database at www.sec.gov and via Frontdoor’s website at investors.frontdoorhome.com).

Tom Collins
mediacenter@frontdoor.com

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