Published on: July 5, 2022 Are you earning the amount you should be earning as an electrician? If not, then you are not earning at all. According to the US labor statistics, the electrical contractor has the potential to make more money than any other building trade worker, plumber, or carpenter. And can earn up to 100,000 dollars in the US per year. Are you now wondering how you can make this much amount in less time? In the following blog, we have formed a well-researched blog that will tell you how much an electrician makes, what things influence an electrical contractor’s salary, and what you can do to earn six figures. Continue reading the blog. Table of Content How Much Does An Electrical Make? Salary Distribution of Electrical Contractors in the United States What are the Things That Influence the Salary of An Electrical Contractors How You Can Increase Your Electrical Contractor Salary FAQ Grow Your Electrical Contractor Business With FieldCamp How Much Does an Electrical Contractor Make? According to the United States Bureau of Labor Statistics, you can earn around USD 56,000 per year. Pay ranges from 20,700 USD (lowest) to 69,500 USD (highest). This is the yearly average salary of electrical contractors in the US, and it will vary on the factors like ExperienceSkillsGenderLocationCompany Salary Distribution of Electrical Contractors in the United States The median income of an electrical contractor ranges from 20,700 USD per year, and it will get double as the expertise in your field increases. Look at the table and see how the experience level can impact your salary. The data is taken from the bureau of labor statistics. Level of Experience Salary Entry Level (less than 1 year) $38,707 Early Career (1 to 4 years) $47,200 Mid Career (5 to 9 years) $60,903 Experienced (10 to 19 years) $76,543 Late Career (20+ Years) $100,244 What are the Things That Influence the Salary of An Electrical Contractors 1. Experience level Experience is the primary component that influences the salary of an average electrical contractor. For instance, if you enter the electrical field with 20 years of experience, your income will be higher than the entry-level contractors. And getting the job will also be easy. 2. Qualification, Education, and Career Numerous factors influence the salary, like the number of qualifications you have, your level of education, and the amount of professional training you have attained. All these things determine the overall structure of your salary. 3. Industry Different industries offer different rates. If you work at a residential level within the client’s home doing electrical spot work, you will earn a certain amount. But you will earn more if you take a contract to install electrical appliances in big complexes. 4. Location You might have a misconception that metropolitan cities in high demand pay more. Not necessarily. More people means more competition. You might earn more where competition is less, and the area is small. How You Can Increase Your Electrical Contractor Salary Now you know what are the factors that influence the salary of an electrical contractor, let’s look at the ways to boost the salaries. 1. Strengthen your skills Pursuing and improving in-demand skills could make you more competitive for promotion and help you strengthen your skills. 2. Be consistent in your work Once increasing your salary, do not sit back or perform the bare minimum. You can demand a raise in your income based on your outstanding performance and going beyond expectations. 3. By taking on more responsibilities Taking on more responsibilities is the perfect way to increase your salary. If you are ready, you can communicate with your senior and ask for expanding your responsibilities. 4. Seek regular feedback If you love your job title, then make an effort and ask for feedback. This will give you a complete overview of your performance, and based on that, you can ask for an increment in your position. So, these are the top 4 strategies that you can use to increase your base salary. Now let’s move and see what businesses are asking about electrical contractor salaries. An Electrical Contractor Business Software That Helps You Save up to 95% of your time Automate 90% of your daily operations Generate and track reports in a few clicks Start Your Free Trial No credit card details required FAQs How much electrician make per hour? The average hourly rate for electricians across the entire US is $25.46. On an annual basis, this number may increase approximately to $50,000 per year. What is the average salary of an electrician? According to indeed, the average salary of an electrician is $26.11 per hour in the United States and $8,250 overtime per year. Does an electrician contractors make $100k/year? Yes, an electrician can make $100k/year. This is because the economy is booming and many new construction projects are coming and are expected to grow in the future. What are some different avenues I can explore? You can choose to become a lineman or wireman or take on a specialized role as an industrial, commercial, maintenance, auto, or installation technician. Grow Your Electrical Contractor Business With FieldCamp It is not difficult to become a competent and high-earning contractor as an electrician. It takes a bit of schooling, some professional experience, and dedication. What’s difficult is monitoring and controlling the electrical contracting business with the same old pen and paper method. To deal with the issue, you need the best service scheduling software to meet your electrical business’s expectations. And FieldCamp is the best choice for your business. With FieldCamp, you can keep a complete eye on an electrical construction activity (installing wiring, maintaining lighting systems, and inspecting electrical components) through graphical representation. Detect profit and loss for a stipulated period through bar and line graphs and take steps to increase contracts.From the ‘List’ option, displaying 5 to 15 records of clients in a single view, gauge your high and low ticket clients.By filtering ‘payment received’ and ‘scheduled jobs’; examine your earnings and payments due.‘Team’ tab or ‘Staff User’ drop-down menu lets you determine the productivity of each electrical crew. So, start your FREE trial today and grow your business in a flash. Are you still using the same old pen and paper method to manage your business? If yes? Why? Author Bio Gaurang Bhatt Gaurang Bhatt is a techie in himself with an ability to solve problems technically and present solutions in the form of a product. He is one of the pioneers to curate FieldCamp with his 15+ years of knowledge and expertise in providing solutions to home service industries. Gaurang aims to overcome challenges faced by service business owners through software solutions and blogs. Sign up for weekly updates from Fieldcamp.
