This disclosure relates to systems and methods for estimation of electrical grid parameters. An example system may include a data acquisition module configured to acquire electrical parameters. The electrical parameters can be measured at electrical components of the electrical grid. The electrical components may include at least one transmission line and at least one transformer. The system may include a parameter estimation module configured to analyze the electrical parameters to estimate impedance parameters associated with the electrical components and provide, via a user interface, at least one indication regarding the impedance parameters. The system may further include a line sagging detection module configured to estimate, based on the impedance parameters, at least one line sagging parameter indicative of sagging of the transmission line. The line sagging detection module can be further configured to output at least one indication regarding the sagging of the at least one transmission line.