e .Many individuals, both those considering HVAC Techs as a profession and those currently employed in the field wonder. How much money do HVAC technicians earn on average? The response to this question is nuanced and heavily rides on a person’s level of education, work experience, and motivation to learn new skills and go forward in their chosen profession.
The subject of how much money an HVAC technician earns is broad and open-ended. The HVAC/R business is enormous and varied, spanning not just one but many various industries and fields. That said, much also depends on where you live and what kind of work you have.
Wages may range from the federal minimum wage of $7.25 an hour to $77.12 an hour, or $14,500 to $154,240 a year. When additional benefits are includ, such as 401(k)s, health insurance, and pensions. These percentages may be substantially higher.
What Factors Impact the Salary of an HVAC Technician?
An HVAC Techs earning potential is very sensitive to the field in which they work and their degree of expertise. Those just starting out in the field. such as an apprentice or assistant will earn less in the residential sector than their more seasoned commercial counterparts.
The earning potential grows substantially as one acquires training and certifications, and as one moves into more specialized areas. such as centrifugal chiller mechanics, ammonia, absorption, industrial boilers, clean rooms, ultra-low systems, etc.
This snapshot shows that there are now available vacancies advertising salaries of up to $150,000 for HVAC technicians. A person’s earning potential will depend heavily on their field of work, level of expertise, and location. Employment and wage prospects are expected to be brighter in major cities like San Francisco, Chicago, and Seattle than in the Midwest’s smaller cities.
Find out how much an HVAC technician may expect to earn based on the latest studies.
People who are curious about their financial prospects often turn to the internet for answers. Sites like Recruitment sites, Fortunately, Payscale.com, etc., are likely to rank well.
The difficulty with pay comparison websites is that they are able only to collect data for their statistics if workers actually use the website to submit their wage information. In the next Indeed snapshot, we can see the total number of salary reports for each Alaskan firm.
Payscale.com shows that the hourly salary for an HVAC Tech is anywhere from $14 to $32, with an average of $21.30. You can see that 8,261 people contributed to this data set by looking at the small print at the bottom of the figure. We also discovered that six wages were reported on indeed, and those incomes ranged up to $59.17 per hour.
Because the hourly rates were never submitted to PayScale, they are not included in the database. As an additional caveat, many of the salary estimates listed on these sites only account for the basic income, not any potential bonuses or commissions. The high commission structure of many HVAC positions makes accurate wage estimates difficult.
There is no one-size-fits-all solution to this topic since compensation is contingent on a wide range of variables (such as education level, industry, and location). According to HVAC Techs Income, however, the average salary for HVAC technicians in Alaska, California, Colorado, Hawaii, Massachusetts, Washington, and Oregon is the highest of any state in the US. The average compensation for a technician in these states is between $60,000 and $70,000 per year.
Higher-than-average wages for HVAC technicians may be attribute to a number of factors in these states. Employers in high-cost states like California, Washington, and Oregon, for instance, must pay more to compete for and keep skilled people.
Wages are higher because there is a limited pool of qualified employees to pick from in Alaska and Hawaii. An intriguing example is Colorado, where the average compensation for HVAC technicians is high despite the state’s low cost of living. Reasonable speculation points to the state’s thriving economy.
The Average Annual Wage of an HVAC Technician in the Union vs. a Non-Union Company
Most American employees have joined unions to negotiate better pay and benefits. That implies they are members of a labor union that negotiates benefits and working conditions on their behalf. Workers who are not represented by a union cannot engage in collective bargaining for improv wages and working conditions.
The likelihood of union members receiving more compensation and perks than their non-union colleagues is low. Unionization rates among American workers have been steadily falling for decades. This is due in part to the fact that many employees believe they are adequately protecte by existing rules and regulations, and hence see no need to join a union.
To this day, unions remain an integral component of the American labor scene, and their efforts have had a major influence on workers’ wages and working conditions in the United States
Many HVAC Techs positions with better compensation may be found by Googling prevailing wages and union wage sheets around the nation, rather than postings on the aforementioned job boards. Unions, in comparison to most non-union businesses, often provide higher hourly wages to their members. It’s not necessarily true that this will always be the case.
I know of cases when non-union firms pay their employees more than twice as much as their unionized counterparts. An HVAC Journeyman in a commercial setting may expect to earn $63.31 per hour, or $126,620 per year, according to one of the top salary lists I was able to locate. The total annual salary for an HVAC technician is $226,180, including perks.
Predictions for Employment and Wage Increases in the HVAC Sector
Earning potential for HVAC technicians is predicte to increase in tandem with the rising demand for their services. According to the National Association of Home Builders, there will be a need for an additional 1.5 million HVAC specialists by the year 2022. In 2023, this figure is expecte to rise.
There is probably a lack of supply since HVAC systems are becoming more common. Through their examination of employment trends and the future of various professions, the National Association of Home Builders has concluded that the HVAC business is one of the most promising. Employment of heating, ventilation, and air conditioning technicians has exploding recent years and is projecte to expand by 20% over the next decade. Some of the factors that have fueled and will continue to fuel HVAC job growth include an improving economy, an increase in commercial and residential construction, environmental awareness, and the need to improve energy efficiency, equipment upgrades, replacements/repairs, and technological advancements in the HVAC Industry.
According to a poll conducted by Contractingbusiness.com, 61% of HVAC professionals and business owners believe that more education, training, and certification is the single most important aspect of achieving a better wage.
Similar research indicated that the median compensation for HVAC technicians with an undergraduate degree was almost 30% more than for those with only the EPA 608 universal certification. Careerexplorer.com places HVAC technicians in the upper echelon of the construction trades, just behind pipefitters in pay but ahead of electricians, drywallers, and masons.