If you have ever gotten a quote on having electrical work done for your home, you may have experienced a little bit of sticker shock. The cost to have anything done to your home’s electrical system can be extremely high. Why do electricians charge so much? What exactly are you paying for?
As it turns out, there are a lot of good reasons why electricians charge such high prices. First and foremost, the job that they do is extremely dangerous. There is a real risk of electrocution when working with any type of wiring. Dangerous jobs tend to pay a lot more than those that don’t involve as much risk.
The risk doesn’t end there, either. If the wiring is done incorrectly, it could pose a major risk to your family and your home. Electrical problems are one of the leading causes of house fires. In order to ensure that they don’t make any mistakes, electricians undergo rigorous training. The knowledge and skills that they learn give them the necessary expertise to avoid making mistakes when dealing with wiring projects. This can help keep your family safe.
The risk involved in any type of electrical work contributes to the high expense, largely because of the cost of insurance. Electricians have to pay for health insurance, workers’ compensation insurance, and liability insurance. In such a risky profession, those expenses can really add up. They have to be able to earn enough money to cover the cost of insurance, which forces them to charge high price .
The other thing that you have to consider is that the time that an electrician spends on a project involves far more than just the time that they spend actually working on the wires. They have to drive to and from the job sites. Not only does this take time but it also requires them to have a working vehicle and to cover the cost of gas.
After they arrive, they have to spend time talking to the homeowner and identifying the problem. Again, this adds to the total time involved in the project. Once the work is done, they have to reconnect with the homeowner to let them know how things went, adding to the total time spent on the project. Even though the actual work itself may not take very long, the total time invested in the job can be quite high.
That doesn’t even take into account all of the other time required to run the business. Managing inventory, ordering supplies, renewing licenses, dealing with paperwork, and all of the other aspects of running a business take time. Electricians need to charge enough to be able to pay themselves for the time that they have to spend on their business, even if that time is not directly spent working on wiring.
Hopefully, this gives you a better understanding of why electricians charge so much. Even though their rates are often quite high, they are usually justified. Think about how important your home’s electrical system is to your lifestyle and to the safety of your family. When you consider the central role that it plays in your life, it is easy to see why it is worth investing money in hiring a qualified professional to make any upgrades or repairs.