HVAC Service Price Calculator
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This HVAC Service Price Calculator helps you know what to charge for a given project. Don’t overcharge. Don’t lose money.
What is an HVAC service price calculator?
An HVAC service price calculator is an online tool used to estimate the cost of HVAC services. It typically requires you to enter details like labor costs, material costs, overhead expenses, and desired profit margin. All important! And it helps you determine the total price charged for HVAC services.
Who uses an HVAC service price calculator?
HVAC techs, contractors, project managers, and business owners use this handy tool to accurately price their services. Clients and consumers can also use it to estimate costs before hiring an HVAC company for their projects.
What information do you include in an HVAC service price calculator?
To get the right answer from an HVAC service price calculator, you’ll need to factor in labor costs, material costs, overhead expenses, and desired profit.
For labor costs, you’ll need to input the following info:
1. Number of workers
2. Hours to complete the job
3. Average hourly pay
You’ll then be required to enter the material costs, which includes the total cost of supplies used for the job.
Once material costs are entered, you’ll need to consider:
1. All monthly expenses
2. Working hours each month
3. Hours to complete the job
The points above will allow you to calculate your overhead expenses. You’re almost there!
Finally, you’ll need to enter the desired profit. That’s the amount your business profits after costs and expenses.
Even if math wasn’t exactly your subject, we’ve made it easy for you. The formulas used in the calculator are:
1. Labor Costs: Number of Workers x Hours to Complete the Job x Average Hourly Pay
2. Overhead Expenses: (All Monthly Expenses / Working Hours Each Month) × Hours to Complete the Job
3. Service Price: Labor Costs + Material Costs + Overhead Expenses + Profit (in Cost)
4. Profit %: Profit (in Cost) / (Labor Costs + Material Costs + Overhead Expenses) × 100
5. Markup %: Service Price – (Labor Costs + Material Costs + Overhead Expenses) / (Labor Costs + Material Costs + Overhead Expenses) × 100