Your Business

 

 

Articles in this section are intended to help electrical contractors grow and improve their businesses, from financial and legal advice to creating a service and maintenance department. You’ll find articles on estimating projects and more below. 

While energy innovation enjoys a surge of popularity, one crucial element is still lacking: financing.

On a $28 million infrastructure contract, a contractor suffered an $11 million loss because of high charges by the utility companies for their part of the installation. The contractor, it turned out, got no remedy in court and, therefore, no means of recouping this major loss.


Along with many new trends that electrical contractors are finding themselves involved with these days, there are some surprises. While ECs have traditionally wired the power for elevators, much of the work has been left to mechanical contractors.

According to the Consortium for Energy ­Efficiency’s 2013 State of the Efficiency Program Industry report, “U.S. and Canadian combined gas and electric Demand Side Management program budgets reached $9.6 billion in 2013, representing a 2 percent increase over 2012 DSM budgets.

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Every conflict has to have an antagonist, and in the ongoing war against global warming, nothing takes the heat like coal.


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Are roads, parking lots and driveways covered with solar panels that feed power back into the grid actually feasible, or does it sound like a green-dream?

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World’s Largest Photovoltaic Solar Plant Now Operational

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The new king in solar photovoltaic (PV) facilities is located on 2,400 acres of land between Phoenix and Yuma, Ariz. Called Agua Caliente, it is now operational as the world’s largest PV solar facility at 290 megawatts (MW).


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Los Angeles Apartments Soaking Up The Sun

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In the ongoing narrative of renewable power, success is often measured in superlatives.
 The stories that get top billing often describe massive wind-farm developments, science-fiction-like discoveries and major breakthroughs. A recent project in Los Angeles is no exception.


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Google Looks To The Stars

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The Internet is all about innovation, using digital technology to break molds. No company exemplifies this idea more than Google, the search engine company that has become, through its own innovation, so much more than that.


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Rule No. 2 For Success
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Having successfully completed a series of good-sized service jobs for a company he described as a great customer, a prominent electrical contractor (who wishes to remain anonymous) was making a routine visit to the company’s main office for what he fondly refers to as a “customer care call.” This ti

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Personalize Your Pricing Strategy
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Managing overhead requires a deliberate series of allocation and recovery decisions that affect the flexibility of your pricing strategy for each project. Periodically, you should re-evaluate how you price to recover overhead costs and allocate actual expenses through your job-costing system.


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