I'm NOT an electrician, but a buddy is and is helping me with mine. I ran 4/0 from the house on a 125amp breaker to the shop and used 4/0 aluminum SER inside the house (all 4 wires in a sheathing), and then outside to the shop I ran 4/0 URD cable which is direct bury. I used a pvc elbow (45*) from the ground to the 2" sch80 PVC pipe that goes into the junction box on the house, and the disconnect on the shop wall outside. You need sch80 for above ground but can use sch40 for the elbow and underground. Rented a trencher and put in a 30" deep trench. My run from the house to the shop is 100' (inside house is 75'), and I plan on putting solar on the shop that'll back-feed to the house, thus the 4/0. I think you can do 2/0, especially for that short of a run, but I wanted more wire than needed so I could back-feed the solar without issue of too much voltage drop. From what I understand, and working with this 4/0, running it all in conduit is a pain in the ****...the stuff does not flex a whole lot. Also mine is 4 conductor...I think it's hot, hot, neutral and ground...but again I'm not into sparky stuff so not sure, just did what buddy said to do.