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Estimating Templates Electrical
Free Electrical Estimate Template for Contractors (Excel, 2026 Pricing)
Typical project: $1,500 – $15,000 · Timeline: 1 weeks
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Real-World Scenario: Service Panel Upgrade & 4 Receps
Upgrading an old 100-amp service to a modern 200-amp panel. Includes ground rods, riser, new panel, and wiring for 4 new GFCI circuits in a kitchen area.
📊 Electrical Trade Benchmarks (avg)
Cost per Device
$150 - $250
Includes rough-in and trim
Panel Upgrade Cost
$3,500 - $5,500
Varies by local utility code
Labor Rate
$95 - $150/hr
Master/Journeyman mix
📦 Materials Cost Breakdown
Direct Material| Line Item | Cost | Notes |
|---|---|---|
| 200A Panel & Breakers | $1,400 | Main panel + standard kit |
| Wire (Romex 12/2) | $650 | 250ft roll @ today's copper price |
| Conduit & Fittings | $350 | Exterior riser and ground kits |
| Materials Subtotal | $2,400 |
👷 Labor Cost Breakdown
Direct Labor| Task | Cost | Notes |
|---|---|---|
| Demo & Service Removal | $800 | Coordination with utility |
| Panel Installation | $2,400 | Licensed electrician, 1 day |
| New Circuit Pulls | $1,200 | Fishing wire through walls |
| Labor Subtotal | $4,400 |
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Markup ≠ Margin — Don't Make This Mistake
A 30% markup on $6,800 gives 23% gross margin — not 30%. To hit a true 30% gross margin, divide your cost by 0.70.
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