Electrical Contractor Package - Montana 2025

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The average profit margin for electricians is around the 10% mark. Businesses should aim higher to mitigate the risks of running an electrical company. Additionally, construction businesses should assess their own profit margins to remain competitive in the construction industry.
All other electrical wiring projects require State electrical permits obtained by Montana licensed electrical contractors and the wiring must be performed by a Montana licensed electrician.
In general, the industry standard material markup for electrical contractors is somewhere between 2X and 6X what you paid for the item. The multiplier you use will depend on your electrical companys profit goals, as well as other factors such as labor costs and what businesses or homeowners in your market can handle.
While 20% is a good benchmark, its not the national average profit margin for electrician businesses. In many cases, electricians make 2% to 3% profit margins. This is an incredibly risky place to be, considering the costs and risks linked to owning an electrical company.
What are Top 10 Highest Paying Cities for Electrician Owner Jobs CityAnnual SalaryMonthly Pay San Francisco, CA $64,376 $5,364 Santa Clara, CA $64,171 $5,347 Sunnyvale, CA $64,128 $5,344 Livermore, CA $64,092 $5,3416 more rows
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What is the Standard Markup for Electrical Contractors? The markup for electrical contractors depends on the current industry standard as well as the location of service. Generally speaking, however, the average markup is somewhere around 2x-6x what you paid for those materials.
Average Electrician Cost Most electricians charge $40$120 per hour, adding up to $150$600 for most small to medium electrical tasks. The total price depends on the following factors. Home size: Jobs that require whole-home wiring or rewiring cost more for larger homes.
If you can consistently hit good gross profit margins on jobs (25-30%), your companys overall profit margin will likely sit in a healthy range of around 15%.

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