Installing a replacement service is getting more complicated with each code cycle, and today you should plan on AFCI and GFCI circuits, along with grounding electrodes (two ground rods in most places) and a tie to water and perhaps gas. And in my area the utility requires a lever bypass 200 amp meter base, to add costs and supply chain challenges. I’ve charged $4000-$5500 in recent months, and part of this is the AFCI requirements that often create new unexpected troubleshooting due to shared neutrals or ground-neutral connections that shouldn’t be there.
Two things, electricians always under estimate how much time something will take to complete, if you think you can do it in 8 hours you should charge for 12. Second, if you are going to charge time plus parts, you have to include a markup for materials as well. Don't just hand them the Depot receipt, its your expertise that knew what to purchase and you went and got it.
I tell customers up front service charge is a premium for the potential hazard involved. I’m looking to make a profit when I’m working on live service, period.
@@scottgrafer2222 at least 20% markup of material, that will end up including the time estimating for free, measuring, looking up pricings and items, going and getting the material. You also want to buy new consumables if required for the job like sawzall blades, masonry bits etc.
Driving the ground rods in florida took me 5-10 minutes/all sand. Now I live in washington state, driving the ground rods takes me +-2 hours/rocks. And I'm toast afterwards.
Dude you are so on point I've been at this practice as a pro for over 30yrs and overall experience is always the best teacher at some point you will learn. Or your business will fail sure you can get your electrical license by passing a test but if you're not a person with character Built for people of the public you're in trouble . Most of the time you will get the job because they like you your pricing is maybe 50% of the consideration.
Wow! Charge to cover overhead etc. etc.. Is not right to charge for a SIMPLE job vs a Complex job. 2hr. Vs 4 to 6 hrs basis? Fairness should be counted in, shouldn’t you? [ I would in all fairness charge for complexity period! Wire length, # of outlets, panel box + your expertise!] A happy camper / Customer. #1 job well done, main thing! Return business your main objective!
I was looking for some videos like this. I recently upgraded a 100A to a 200A full service rebuild (through the roof) and charged $1500 total because I didn't know what was a good price to charge. I've always worked for someone else. I didn't know. I want to start picking up more work in this area, but don't know what to charge for most of it.
UCC (Uniform Commercial Code) allows the electrician to charge for the supplies/equipment plus 10x that amount. If the supplies for changing out a 100 amp panel to a 200 amp panel is $1000 (box plus breakers, etc) the you may charge $10000 plus $1000 for a total of $11000. You are not required to charge 10 times the cost of supplies equipment but you can not go over that amount. I am not an electrician but I had my panel changed from the old 60 amp house fire starter (1950s) to a 200 amp panel. Cost of material was $1000 (you have to list that on your invoice/bill and $7000 for the labor (includes pulling the permit etc) for a total cost of $8000. The electrician who did the work was a journeyman working under the license of a master electrician. It was a one day job from start to finish (the permit was pulled for him by the office). This is the same for plumbers and HVAC workers. You re allowed to charge the maximum but permitted, obviously to charge less as you see fit.
One customer thought we were way overpriced. 2 story home with riser in the wall that needed upgrading. This would entail opening exterior stucco wall. Glad we didn’t get that job.
There’s the fair act law in Pennsylvania you’re not allowed to charge one person one and another there is an average across the state or country you cannot exceed that or you will be charged with criminal negligence.
San Diego: 5500 -100amp, 6500 - 200amp residential. Like for like, All in one. $850 for permit.
Installing a replacement service is getting more complicated with each code cycle, and today you should plan on AFCI and GFCI circuits, along with grounding electrodes (two ground rods in most places) and a tie to water and perhaps gas. And in my area the utility requires a lever bypass 200 amp meter base, to add costs and supply chain challenges. I’ve charged $4000-$5500 in recent months, and part of this is the AFCI requirements that often create new unexpected troubleshooting due to shared neutrals or ground-neutral connections that shouldn’t be there.
Dude keep this knowledge coming 👏 GREAT TOPIC
thanks coach for information very helpful
This is awesome, i love the detail and I know this knowledge will help me along the way.
This has become my favorite channel.Thanks
I just charged $3,850 and $3,995 for the last two service changes. No one knows the cost of anything anymore material Inflation is out of control
Absolutely, right now you have to charge plus parts
Two things, electricians always under estimate how much time something will take to complete, if you think you can do it in 8 hours you should charge for 12. Second, if you are going to charge time plus parts, you have to include a markup for materials as well. Don't just hand them the Depot receipt, its your expertise that knew what to purchase and you went and got it.
I tell customers up front service charge is a premium for the potential hazard involved. I’m looking to make a profit when I’m working on live service, period.
@@scottgrafer2222 at least 20% markup of material, that will end up including the time estimating for free, measuring, looking up pricings and items, going and getting the material. You also want to buy new consumables if required for the job like sawzall blades, masonry bits etc.
@@scottgrafer2222 I’m gonna start charging material markup. Good call
Good Morning.....
Thanks for all that you do.....
You are very welcome!
California 150 an hour
Thanks boss good video
Your just the best….. truly
Let's go!
Driving the ground rods in florida took me 5-10 minutes/all sand. Now I live in washington state, driving the ground rods takes me +-2 hours/rocks. And I'm toast afterwards.
the struggle is real!
Love this!!! 👍
How about commercial services
Ill make a video about estimating commerical services!
Dude you are so on point I've been at this practice as a pro for over 30yrs and overall experience is always the best teacher at some point you will learn. Or your business will fail sure you can get your electrical license by passing a test but if you're not a person with character Built for people of the public you're in trouble . Most of the time you will get the job because they like you your pricing is maybe 50% of the consideration.
Wonderful concept.Free market.
Wow! Charge to cover overhead etc. etc.. Is not right to charge for a SIMPLE job vs a Complex job. 2hr. Vs 4 to 6 hrs basis? Fairness should be counted in, shouldn’t you? [ I would in all fairness charge for complexity period! Wire length, # of outlets, panel box + your expertise!] A happy camper / Customer. #1 job well done, main thing! Return business your main objective!
I was looking for some videos like this. I recently upgraded a 100A to a 200A full service rebuild (through the roof) and charged $1500 total because I didn't know what was a good price to charge.
I've always worked for someone else. I didn't know.
I want to start picking up more work in this area, but don't know what to charge for most of it.
You are right on the mark...master electician 30 years in
What if an older SF home's electric needs to be replaced? How much would that usually cost?
When you do labor plus parts do you marke up your parts?
When I start upgrading services I charged 1300 dolars including material, now I charged 3 thousand,
UCC (Uniform Commercial Code) allows the electrician to charge for the supplies/equipment plus 10x that amount. If the supplies for changing out a 100 amp panel to a 200 amp panel is $1000 (box plus breakers, etc) the you may charge $10000 plus $1000 for a total of $11000. You are not required to charge 10 times the cost of supplies equipment but you can not go over that amount. I am not an electrician but I had my panel changed from the old 60 amp house fire starter (1950s) to a 200 amp panel. Cost of material was $1000 (you have to list that on your invoice/bill and $7000 for the labor (includes pulling the permit etc) for a total cost of $8000. The electrician who did the work was a journeyman working under the license of a master electrician. It was a one day job from start to finish (the permit was pulled for him by the office). This is the same for plumbers and HVAC workers. You re allowed to charge the maximum but permitted, obviously to charge less as you see fit.
One customer thought we were way overpriced. 2 story home with riser in the wall that needed upgrading. This would entail opening exterior stucco wall. Glad we didn’t get that job.
I just charged $2000 labor only.
Do you use estimating software?
There’s the fair act law in Pennsylvania you’re not allowed to charge one person one and another there is an average across the state or country you cannot exceed that or you will be charged with criminal negligence.
Ouch
T & M is the dumbest way to do it