Electricians charge high rates for good reasons. First, their training takes years and is expensive. They need to learn electrical theory, safety, installation, and repair. Licensing also requires exams and fees. Insurance protects electricians from liability.
The Investment in Learning
Another reason for the high costs is that electricians invest greatly in their trade. Apprenticeship programs take four or five years with 2,000 hours of classroom and on-the-job training. Apprentice wages are very low, so apprenticeships require a long-term commitment.
Hidden Business Expenses
There are also many mandatory business costs that customers rarely know about. An electrician with 20+ years of experience charges much more than a new electrician or trainee.
Cost Breakdown
Installation costs depend on the electrician’s experience, the type of work, and if the breaker box has open spots.
- Upgrading wiring or panels ranges $1,200-$3,800.
- Hourly rates typically range $40-$100.
- Small projects range $141-$419, with most homeowners paying $280 on average.
Economic Factors
Why don’t electricians make more money? Stagnant wages and rising costs of living play a role. With fewer workers belonging to unions, construction wages have dropped. However, electricians earn an average of $27 per hour ($56,000/year). Their employment is expected to grow faster than most other jobs between 2019-2029.
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