Grab the free Billable Hour Calculator, plus two quick videos that walk you through setting your rate and using the tool. Built for HVAC, plumbing, electrical, and chimney contractors.
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Your billable hour is what every hour a tech bills has to bring in to cover their full cost (wage, payroll taxes, benefits), the paid hours they can't bill, and your profit. It's always higher than the wage you pay. This free calculator from The New Flat Rate, menu pricing software and training for home service contractors, turns your real numbers into that rate, so your 2027 prices start from what your business actually costs to run.
A simple, ready-to-use tool that turns your overhead, labor, and margin into one clear billable hour rate.
A short walkthrough on what actually goes into the number, and why guessing is costing you money.
Step-by-step instructions for plugging in your numbers so you can start pricing with confidence today.
A billable hour is the rate each hour a technician bills a customer has to bring in to cover that tech's full cost, the hours they can't bill, your overhead and your profit. It's always higher than the wage you pay, because techs never bill every hour they're paid for.
Start with your tech's wage, add your burden for payroll taxes and benefits, then adjust for the hours they actually bill versus the hours they're paid and the days they're off. Divide by your target labor percentage to land on the rate. The free Billable Hour Calculator from The New Flat Rate does the math for you.
You need your tech's hourly wage, your burden percentage, hours paid per day, hours billed on a good day and a tough day, days paid per year, days off, and your target labor percentage. Most owners can fill it in from payroll in a few minutes.
Yes. Fill out the form above and we'll send the calculator and two short how-to videos straight to your inbox. There's no sales call.
Want the math behind it? Watch Matt Koop's free training: How to Calculate Your True Billable Hourly Rate.