You rely on your electrical panel. Some homes have weak or overloaded panels, and older panels may pose a safety risk. Electric panels tend to last for 25 to 40 years. If your electric panel is older or if you’ve noticed performance issues, this could mean it’s time for a replacement.
When replacing your electrical panel, you’ll have different costs to consider, including the price of the panel itself and labor costs.
Why Would I Need to Replace My Electrical Panel?
You may be unsure if you need to replace your electrical panel, so let’s start there. Here are some reasons you may need to replace your panel:
One of the main reasons homeowners opt to upgrade their electrical panel is for safety. Being a responsible homeowner means making sure your home has appropriate electric power for its size and age. Some older boxes pose serious safety risks, and they can be a fire hazard.
The Right Amount of Power
Another reason you may need to update your electrical panel is that your home is no longer using the same amount of power as it was when it was first built.
Homeowners use more power with new electrical gadgets. This increased draw can put a strain on your electrical panel, and it may not stand up to your needs.
Another reason to replace your electrical panel is to benefit from the increased protection that comes with new breakers. New electrical panels contain GFCI (Ground Fault Circuit Interrupter) and AFCI (Arc Fault Circuit Interrupter) breakers.
These breakers offer increased protection against water damage and protect both outlets and electronic devices.
Costs Associated With Replacing an Electrical Panel
You’ll want to have a licensed electrician install your electrical panel. Some municipalities also require inspections for your new circuit breaker, so make sure you’re familiar with the laws in your area.
The cost to replace your electrical panel and breakers will vary. Here are some costs you’ll need to consider when replacing your electrical panel:
The Cost of The Circuit Breaker Box
The size of your home and your energy needs will determine whether you’ll need one box or more, and the kind of box you choose will affect the price as well.
The Cost of Supplies
You’ll also be paying for the supplies required to make the replacement, and the cost to replace your electrical panel and wiring can increase the price. If you’re adding outlets, panels, or switching to a new type of circuit breaker, the costs will be higher.
Can a homeowner replace an electrical panel themselves? The answer is no. You need a permit to upgrade your electrical panel. Typically, professionals charge between $40 and $120 for each hour of their work.
How Much Does it Cost to Replace a Home Electrical Panel?
How much does it cost to replace an electrical panel in a house? If you need to upgrade your amperage, you’ll be looking at the cost to upgrade your electrical panel. However, if your box poses a safety risk, you’ll need to have a new box installed. This upgrade will affect your pricing.
Additionally, if you choose a panel with GFCI or AFCI breakers, your cost of replacing your electrical panel and breakers will be a bit higher.
Here are the general prices you’ll be looking at:
Cost to Upgrade Electrical Panel to 100 Amps
100 amps is the minimum amount of power most modern homes need. The cost to upgrade to 100 amps is usually between $800 and $1200.
Your electrician may use a subpanel to add the extra power, or they may replace the unit in its existing box if possible. The cost of replacing parts outside your electrical box will also affect your price.
Cost to Upgrade Electrical Panel to 150 Amps
If your home is between 1,200 and 2,000 sq. ft., you may benefit from a larger upgrade.
The cost to upgrade to 150 amps is usually between $1,100 and $1,500, but this increased power gives your home some room to grow.
Cost to Upgrade Electrical Panel to 200 Amps
If your home is over 1,800 sq. ft., or if you plan to expand, this might be the right option for you.
The cost to upgrade an electrical panel to 200 amps is between $1,300 and $3,000. This option gives you plenty of power and can be a great choice for larger homes.
Cost to Upgrade Electrical Panel to 300 Amps
Very large homes or homes with lots of appliances will benefit from 300 amps. If you have a large house that also serves large appliances, like a hot tub, you may need this power level.
The cost to upgrade an electrical panel to 300 amps is a bit more expensive, usually costing between $1,800 and $3,500.
Cost to Upgrade Electrical Panel to 400 Amps
400 amps is a rare option, and you’ll only need this amperage if your home is very large or has special energy needs. Typically costing between $2,000 and $4,000, this amperage can handle a lot of use.
You have the option to replace or upgrade your current electrical panel, but in general, the more amperage you need, the higher the cost.
Rely on the Trusted Electricians at Safe Electric
Are you looking to replace your electrical panel? Look no further than the trusted professionals at Safe Electric. Contact us today to get started.