How Much Does an Electrical Panel Upgrade Cost?
Electrical Panel Upgrade Prices
Thinking about upgrading your electrical panel? If you have recently purchased a home with an older panel or your current panel cannot supply the amount of power you need then you might not have a choice. Donít despair. Buying a new one and having it installed is cheaper than you might think.
The current minimum requirement for an electric breaker panel is 100 amps. Panels come in 100, 150, 200 and 400 amp capacity. Old panels, especially those with the old glass fuses, are prone to tripping and can pose a fire hazard. Remember to choose a panel that exceeds your electricity needs.
Cost of an Electric Panel Upgrade
You have an option of installing an electrical subpanel to supplement your existing panel. If you wish to just upgrade your existing panel to 100 amps without buying a new panel expect to pay anywhere from $800-$1300. Keep in mind that if you want to upgrade your existing panel it must be a relatively new model. An old style fuse box cannot be upgraded. If a brand new panel is needed expect to pay double or triple that price, as much as $2,500 for 100 amps.
If you are in need of a panel that can handle more than 100 amps the price goes up. If you wish to upgrade your existing electric breaker panel to 200 amps the cost is anywhere from $1,200-$3,000. Upgrading to a 400-amp panel, which is what most new homes are being constructed with, will range anywhere from $2000 all the way up to $4000.
Electrical Subpanel Cost
In most cases of upgrading to a 400-amp electric panel (and in some cases a 200-amp panel) you will also need a subpanel or two. These subpanels range in price from $500-$1000.
Things to Consider
Permits for this type of work are always required. Your electrical contractor will be able to procure these for you, usually at a cost of $300-$400. You can, however, apply for your own permit and typically save $200-$300.
Research each electrical contractor that gives you a bid. Make sure that his license is up to date and he has not had any complaints against him. Upgrading an electrical panel is not something that the do-it-yourselfer can accomplish. It requires a licensed professional due to the dangers involved.
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