If you’re wondering how much do HVAC contractors make, then it might be helpful to first know that the HVAC industry is currently thriving. According to the Bureau of Labor Statistics, employment in the HVAC industry is forecasted to increase by 15% in the 10 years between 2016 and 2026. This growth is much faster compared to the average of other occupations. Additionally, the Bureau of Labor Statistics points out that HVAC professionals enjoy a wide array of job opportunities. Therefore, it’s safe to say that HVAC contractors have an attractive and rewarding career. Read on to get more answers to the question, ‘how much do HVAC contractors make.’
What’s the Salary Range for HVAC Contractors?
When you look at how much do HVAC contractors make, there’s no specific figure. Instead, there’s a salary range, though this depends on the source you’re using. For instance, according to Comparably, the average salary for contractors in the U.S. ranges from $17,415 to $461,723. On the other hand, Salary.com puts the average salary in the United States at $80,749 or the year 2022. According to Zip Recruiter, annual salaries for HVAC contractors can be as high as annual salaries as high as $149,000 and as low as $22,500. Therefore, as you can see, the amount that HVAC contractors can earn varies wildly depending on a lot of factors.
For instance, an HVAC company is more likely to generate more revenue if it hires skilled technicians that have the right amount of education, certifications, and additional skills. These are the things customers consider when figuring out whether to hire at the stated price. Experience is also a huge factor that influences how much you can earn. A cooling and heating contractor that has been in business for long will have a higher pay target than a professional who’s just starting out. Also, professionals with additional skills tend to never lack for work and can therefore earn more. The salary range for a particular contractor also depends on whether they charge a flat rate or an hourly rate. Flat rates might generate less revenue if the contractor constantly underestimates the time needed to do the job. Hourly rates that are reasonable help ensure that the contractor gets paid for every minute they spend working on the job.
You should also keep in mind that even for HVAC companies that charge relatively high rates, there are also costs that need to be met. For instance, the cost of doing business in the HVAC industry includes purchasing specialized equipment, paying for insurance, investing in marketing, and buying business vehicles. All these costs can eat into the profits though most HVAC professionals can still manage to make a decent living.
How Much Training Is Required?
HVAC services require trained professionals with the necessary skills to handle a wide range of complex tasks. Hence, it’s crucial to receive sufficient training before one can become an HVAC contractor. Before anyone can start training to become a contractor, they must have at least a GED or a high school diploma. This is the minimum educational requirement. This level of education is required because it ensures that the person at least has the math and reading comprehension skills that may be needed while on the job. Additionally, it’s also necessary to obtain certification. This is a requirement for entry-level jobs. Those who complete certification will be skilled in various topics related to HVAC technology, such as systems design, diagnostics, installation, electrics, plumbing, and safety.
One of the best ways to train for an HVAC technician is to seek an apprenticeship. There are many apprenticeship programs that take in members each year to ensure that HVAC technicians get the hands-on experience they need before fully launching their careers. Apprenticeship programs can be as long as five years, but the contractors can earn money during this period. Although apprentices tend to earn less than seasoned and fully qualified contractors, the training is crucial since it provides exposure to real-life situations. Therefore, students in the industry have the perfect opportunity to learn theory in the classroom and then head out to apply what’s learned while on the job. By the time the apprenticeship is over, the graduate will have received enough training to be called a fully skilled technician who requires minimal to no supervision.
That said, the training opportunity for HVAC professionals doesn’t end here. They can always capitalize on ongoing professional training. This involves getting additional certifications designed for career advancement or for skill sharpening. To summarize, in order for an HVAC professional to be fully qualified and have the right training, they must start with a high school diploma or the equivalent. They must also take additional classes in the pursuit of an HVAC certificate before completing an apprenticeship.
What Services Are Offered?
In order to better understand earnings and salaries among HVAC professionals, it also helps to look at the services they provide and their importance. It goes without saying that professionals that offer essential services tend to earn more. Generally speaking, HVAC contractors mainly provide three types of services which are repairs, installation, and preventive maintenance.
HVAC repairs are the most common type of service that is offered. HVAC systems tend to last for up to 10 years or more, but during this time, they break down and require professional attention. Contractors are commonly called on to fix issues such as a malfunctioning thermostat, faulty blower motor, blown fuses, tripped breakers, air filter issues, and other heating and air conditioning issues. These heating and air conditioning repairs are crucial because they ensure the smooth functioning of HVAC systems. Most people rely on this modern convenience to keep their interior environment cool, so the services offered by HVAC contractors can be a lifesaver.
When the HVAC system needs to be replaced or if there’s a newly constructed home, contractors are also hired for the installation. It’s important to hire a professional who knows what they’re doing because a system that’s not properly installed may not work as expected. Contractors also take care of HVAC maintenance, which typically involves tasks like furnace cleaning, calibrating thermostat settings, checking electrical connections, lubricating moving parts, checking system controls, and more.
Professional HVAC inspection and maintenance is crucial because it minimizes disruptions by eliminating potential issues. It also boosts the efficiency of HVAC systems so that they use less energy when functioning. All in all, the list of services provided by HVAC contractors is quite comprehensive. The list includes heater repair, heater installation, boilers, furnaces, heat pumps, and water heaters. As stated, it is precisely because of this wide range of services that opens up many job opportunities for contractors. Thus, contractors can cater to a wider audience where the services they offer are always in demand.
Reasons Why HVAC Contractors Earn Good Money
HVAC professionals specialize in heating, ventilation, and air conditioning, and these services are all in demand. For instance, according to the New York Times, 90% of homes in the U.S. have air conditioning. So, it’s not surprising to discover that the answer to how much do HVAC contractors make is quite impressive. If you want to break down why these contractors make so much, then you’ll discover several reasons for this. For starters, HVAC contractors are trained to handle a wide range of tasks, and their job takes them around quite a bit. They can also inspect and repair different types of equipment in a wide range of locations. This flexibility allows them to offer services to many different people, such as heating system installation and air conditioning repairs, allowing them to earn more.
HVAC contractors also have the opportunity to advance quickly once they launch their careers because they undergo a short but comprehensive training period. They don’t have to spend significant amounts of money or time getting a university degree because HVAC certification requires less investment. As mentioned, once HVAC contractors complete training, they will be equipped with the skills to provide a wide range of services. Overall, it takes a short timeframe for a contractor to get into the full swing of things and work in their chosen career. The fast job growth is conducive to a thriving career, meaning that contractors can choose and pick jobs as they please. With the high demand for services, there’s room to set higher rates and earn even more money.
When you look at how much do HVAC contractors make, you should also factor in that the high earnings result from the fact that most people can appreciate the services provided. This gives employees more job security, meaning that those who choose a career in HVAC service are able to earn more than enough to pay the bills. As mentioned, many people have HVAC systems in their homes, so there will always be a need for this kind of service. Having the specific and unique skills required means that people are more willing to pay because they know how valuable the services provided are. This explains why HVAC contractor jobs don’t get outsourced because cheaper labor doesn’t necessarily equate to skilled labor.
How HVAC Contractors Can Make More Money
When exploring the topic of how much do HVAC contractors make, you find that the sky is the limit. There are even more strategies that contractors can adopt to boost their salaries and earnings. Below we look at the top seven strategies that can contribute to a contractor earning more money.
Proper Business Management
When people are looking for a contractor to hire or HVAC-related issues, they want to hire someone who is professional. That means it’s crucial to run a properly managed business to attract more customers. Everything has to be in order, including licensing and insurance. In addition, it helps to have all the tools and equipment required to streamline and boost the efficiency of your services. Additionally, proper business management makes it easier to stick to a schedule. Some professionals use business management software to automate some of their operations and boost efficiency.
HVAC contractors can earn more money by diversifying their services and expanding their operations. This allows them to widen their client base. The good news is that there’s a long list of services that contractors and technicians can provide. The list includes air conditioning services, thermostats, ductwork, water heater repair, cleaning, and installation, plus more.
Customer Satisfaction Initiative
While it’s true that there’s a lot of demand for HVAC services, professionals that differentiate themselves within the industry are more likely to earn more. The question of how much do HVAC contractors make will be influenced by reputation. The better the reputation, the better the chances of attracting more customers, which helps increase revenue. Tips for improving customer satisfaction include having quality workmanship, offering warranties, being highly responsive and efficient, and communicating with customers effectively.
No matter how well a contractor does their job, they may not be able to make as much money simply because their target market is not aware of their existence. This is where marketing comes in. Some contractors are able to generate more revenue because they market themselves better. HVAC contractors can take advantage of many marketing strategies, such as PPC advertising, social media marketing, content marketing, and email marketing. It also helps for contractors to establish a solid online presence since most people who require their services usually search online since it’s more convenient.
Although there’s no magic number for how much do HVAC contractors make, this information will give you a bigger picture and help you understand how things are for HVAC contractors from a financial standpoint. Overall, HVAC contractors enjoy a lot of flexibility and plenty of room for advancements, so those that want to earn more have numerous opportunities to do so. Each HVAC contractor or company will have a different experience and offer different services, so the answer to how much do HVAC contractors make will vary wildly. When all is said and done, the best answer for those wondering how much do HVAC contractors make is – the money’s good.by