Homeowners interested in upgrading to a panel with a higher amperage will first want to check with the utility company to see if the supply line can support additional power. Increasing the amperage means some of the resistance in the circuit is removed so that a stronger current can flow. Amperageįor those who are wondering, “How much is a new electrical panel?” a significant part of the cost is determined by the electrical panel’s amperage, or the strength of the electrical current. The new electrical panel cost is dependent on what type of panel is needed. The main breaker panel controls the circuit breakers and how much electricity is used within the home. There are a few different types of electrical panels: the main lug panel, the main breaker panel, fuse boxes, and subpanels. These can include electrical panel type, amperage, location, brand, materials, labor, and permits. While the average cost to replace an electrical panel is around $1,274, the final cost depends on several factors. Homeowners will want to understand how electrical panel costs are calculated, additional price considerations, the different types of electrical panels, and what questions to ask regarding electrical panel replacement.įactors in Calculating the Cost to Replace an Electrical Panel Labor costs are typically dependent on the job’s complexity, but generally hiring an electrician costs between $50 and $150 or more per hour, depending on the difficulty of the project and the electrician’s experience level. The type of electrical panel box, size, and location within the home also affect the new breaker box cost. If new outlets, additional panels, a different kind of breaker box, or increasing the amount of amperage is required, the breaker box replacement cost can quickly add up. The cost to replace electrical panel parts, such as wiring and breakers, depends on what type of replacement or repair is needed. According to Angi and HomeAdvisor, electrical panel replacement costs can range from $522 to $2,082, with homeowners spending an average of $1,274. And it’s important to note that electrical panels that are 25 to 40 years old are considered a fire hazard and will need to be replaced. If the current breaker box can’t keep up with the electrical usage in a home, it may be time for an upgrade. An updated electrical panel keeps all the appliances, computers, smart TVs, and gadgets in a house running smoothly.
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