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#62559 - 02/19/06 06:28 AM Rates for residential electric
sandro2 Offline
Member

Registered: 03/26/05
Posts: 49
Loc: philadelphia,PA
I just got my license and I have been working for someone and want to start to go off on my own. What is the going rate for residential wiring,service calls, etc..
City of Phila.

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#62560 - 02/19/06 06:48 AM Re: Rates for residential electric
Dnkldorf Offline
Member

Registered: 12/12/04
Posts: 1091
Loc: nowhere usa
City of Philly?

You already know the competition you'll be dealing with, range from well established units to "side job" union guys, to hackers in station wagons with extension ladders strapped to the roof.
Going rate could be as low as $20/hr depending upon the job, and the location.
We stay away from city work because of all the crime, and that alone you have to factor in to your rate....1 guy to watch the truck, 1 to do the work...
I'd look at what niche area your after, ie..Main line area or SE philly, there would be a big difference in "going rates" in different areas...

All IMHO, mind you..

Good luck...

Dnk...

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#62561 - 02/19/06 07:08 AM Re: Rates for residential electric
mahlere Offline
Member

Registered: 11/17/05
Posts: 514
Loc: New Jersey
try these prices
www.affordableelectric.com

if you can make money at these rates, let me know how.

or try these instead www.ablegroup.net/info-electrical.html

After you use pricing like these for a while and can't seem to make money. Can't seem to grow. Hire good techs, buy new trucks, etc.

Do a search here or on google on how to determine your price. Forget going rate. Price for what you need to make money.

Take a look here: http://www.brandonelectricservice.com/testimonials2/

I don't know anything about this company. Don't know if they are good or bad. But I noticed that the two testimonial letters mentioned nothing about the price.

Good luck.

[This message has been edited by mahlere (edited 02-19-2006).]

[This message has been edited by mahlere (edited 02-19-2006).]

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#62562 - 02/19/06 07:22 AM Re: Rates for residential electric
sandro2 Offline
Member

Registered: 03/26/05
Posts: 49
Loc: philadelphia,PA
Thanks really helpful.
That is true about staying in suburbs.
Iknow what u mean about security for the truck. I can't tell u how nmuch time I waste just to check on my truck every so often

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#62563 - 02/19/06 08:15 AM Re: Rates for residential electric
Dnkldorf Offline
Member

Registered: 12/12/04
Posts: 1091
Loc: nowhere usa
Sandro2, working in Philly is alot different from working in Nj, or the burbs for that matter. People are different, totaly....

If you want resonable advise, find someone who has done work in philly before, not some one who thinks they know how to make a buck there, big difference here...

I'll give you some names of guys, who are working there, and those who gave up working there, if you want.
Then take the good and the bad, and do your own thing..

Dnk...

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#62564 - 02/19/06 08:58 AM Re: Rates for residential electric
Active 1 Offline
Member

Registered: 02/22/03
Posts: 684
Loc: Grayslake IL, USA
I would avoid a cut and past of someone elces prices. I not saying it's a bad thing to know what others get. I'm saying you should figure you own prices. It's hard when you start out because you don't know all your costs of doing business.

I would say to ask what is OH costing for a 1 man show in the business area.

Also ask about efficency (booked hours) for a new start-up doing ? type of work. With past experiance of knowing how long a job can take it's just a matter of doing math. Also note that many tend to underestomate time. I think one reason is in your head you tend to think it's easy and will be done in no time. Then you don't factor in clean up, collecting, material runs, & drive time.

Tom

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#62565 - 02/19/06 10:33 AM Re: Rates for residential electric
A-Line Offline
Member

Registered: 07/23/04
Posts: 264
Loc: Utah, USA
Below are some links that may help you in calculating what you will need to charge.
The first link has some books that are helpful. One book is titled "How Much Should I Charge". The second link is an online hourly rate calculator.
http://www.barebonesbiz.com/catalog.html http://www.masterplumbers.com/utilities/costcalc/

[This message has been edited by A-Line (edited 02-19-2006).]

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