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How Much Do Electrical Contractors make? This article will explore what electrical contractors make per hour and the various factors contributing to these earnings. Additionally, we will provide a few tips on how you can increase your earning potential as an electrical contractor. Looking for a reliable electrical contractor to help you with your home repair or remodel project? You’re in luck! In this article, we’ll take a look at some of the most common salaries for electrical contractors and give you some tips on how to find the best one for your needs.
How Much Do Electrical Contractors make?
The average salary for an electrician is around $50,000 a year. This is a good wage, given the skill and experience required to be an electrician. There are many different types of electricians, so the pay can vary depending on the specialty area. The average electrical contractor’s salary ranges from $36,000 to $60,000 annually. Electrical contractors typically work 40 hours per week.
An electrical contractor is a person who specializes in installing, repairing, and maintaining electrical systems. According to the US Bureau of Labor Statistics, electrical contractors make an average of $47.46 per hour. This means that, on average, electrical contractors earn around $150 per hour.
Average Hourly Wage for Electrical Contractors
According to the Bureau of Labor Statistics, the average hourly wage for electrical contractors was $37.50 in May 2012. Electrical contractors who work on commercial and industrial projects, as well as residential installations, generally earn more than those who work on residential projects.
According to the Bureau of Labor Statistics, the average hourly wage for electrical contractors was $27.06 in May of this year. This is a 3.9% increase from the $26.55 average wage reported in May of 2016. Electrical contractors who are experienced and licensed may earn more than $30 hourly, while those who are less experienced may earn less.
Basic Electrician: $27-$37/hour
Lighting Designer: $36-$49/hour
Plumbing Contractor: $51-$68/hour
What is an Electrical Contractor?
An electrical contractor is a person who installs, repairs, or maintains electrical systems. Electrical contractors typically work in construction, industrial, and commercial settings. The median annual salary for electrical contractors was $60,710 in May 2017. The average hourly wage for electrical contractors was $35.92 in May 2017.
Rates and Pay of an Electrical Contractor
Electrical contractors make a median hourly wage of $37.13, according to the U.S. Bureau of Labor Statistics (BLS). The lowest 10 percent of electrical contractors earn less than $24.14 per hour, while the highest 10 percent earn more than $54.73 per hour. Contractors with four or more years of experience make a median wage of $41.40 per hour, compared to $29.98 for those with one to three years of experience and $27.72 for those without experience.
The Qualifications Required to be an Electrical Contractor
Electrical contractors must have a degree in electrical engineering or another related field. Additionally, they must have at least five years of experience installing, repairing, and maintaining electrical systems.
Contractors typically earn between $50,000 and $75,000 per year.
Electrical contractors make anywhere from $35,000 to $100,000 per year. Most electrical contractors work in the installation or repair field, with a few working in the design field..
The Business of Being an Electrical Contractor
Electrical contractors are in high demand right now because of the strong economy. According to the Bureau of Labor Statistics, the electrical contractor occupation is projected to grow by 26 percent between 2010 and 2020, much faster than the average for all occupations. Electrical contractors make an average salary of $47,080 per year, which is higher than most other trades.
The key to a successful electrical contractor career has good customer service skills. Many electricians start their own businesses because they are passionate about working with electricity and want to be their own bosses. Creating a good business model is essential if you want to be successful as an electrical contractor. One way to attract customers is to offer competitive prices, excellent workmanship, and timely service.
Factors That Affect Hourly Wage Rates
When searching for electrical contractors, it is important to consider a few factors that can affect hourly wage rates. These include the contractor’s experience, certifications, and region.
Experience: The more experience a contractor has, the higher their hourly wage rate will be. Contractors with 10 years of experience typically earn more than those with only 5 years of experience.
Certifications: Some contractors have certifications that can increase their hourly wage rate. Certification from organizations such as the National Electrical Contractors Association or Associated General Contractors of America can increase a contractor’s hourly wage by 20-30%.
Region: Another factor that affects hourly wage rates is the region in which the contractor works. Hourly wages vary greatly by region, so it is important to research which region(s) the contractor services before hiring them.
Tips for Negotiating an Hourly Wage
According to the Bureau of Labor Statistics, electrical contractors make a median hourly wage of $36.90. However, this varies depending on experience and location. As a contractor yourself, you may want to know what other electrical contractors in your area are making so that you can negotiate a fair hourly wage.
To get an idea of what other contractors are earning in your area, you can use online tools like Indeed or PayScale. You can also survey your fellow electrical contractors and ask them about their hourly wage rates. Finally, it may be worth discussing your situation with your boss or union representative if you feel like you’re being underpaid.
When it comes to salaries, electrical contractors make a pretty good living. According to the National Association of Electrical Contractors, the median annual salary for an electrical contractor was $56,780 in 2017. That’s pretty good pay considering that many entry-level positions start out at around $32,000 per year.