An electrical panel is a crucial component of your home's electrical system. It regulates the amount of electricity that flows into your home and distributes it to different circuits. As with any electrical equipment, electrical panels can wear out over time and become outdated, which can pose safety hazards and cause electrical issues. Upgrading your electrical panel can improve the safety and efficiency of your home's electrical system and ensure that it meets modern electrical codes. In this blog post, we will discuss how much it costs to upgrade an electrical panel and what factors can affect the cost.

Cost of upgrading an electrical panel:

The cost of upgrading an electrical panel can vary depending on several factors, including the size of the panel, the complexity of the installation, the location of the panel, and the electrician's experience and expertise. The national average cost for upgrading an electrical panel ranges from $1,000 to $3,000, with some installations costing as much as $5,000. The following are the typical costs involved in upgrading an electrical panel:

1. Materials cost: The cost of materials required for upgrading an electrical panel can range from $100 to $500 depending on the type of panel and the accessories required, such as breakers, grounding wires, and conduit.
2. Labor cost: The labor cost for upgrading an electrical panel is typically the most significant expense. The electrician's labor costs can vary depending on the location and the electrician's experience and expertise. Electricians charge an hourly rate, which can range from $50 to $150 per hour. The average time it takes to upgrade an electrical panel is around 8-10 hours, depending on the complexity of the installation.
3. Permit fee: Many states and municipalities require permits for electrical work, including electrical panel upgrades. The permit fee can range from $50 to $500 depending on the location and the complexity of the installation.
4. Inspection fee: After upgrading an electrical panel, the installation needs to be inspected to ensure it meets modern electrical codes. The inspection fee can range from $50 to $500 depending on the location and the complexity of the installation.

Factors that affect the cost of upgrading an electrical panel:

Several factors can affect the cost of upgrading an electrical panel. Here are some of the most significant factors:

1. Size of the panel: The size of the panel is one of the most significant factors that affect the cost of upgrading an electrical panel. Larger panels require more materials and labor, which can drive up the cost.
2. Complexity of the installation: The complexity of the installation can also affect the cost of upgrading an electrical panel. If the panel is difficult to access or requires extensive wiring, the labor cost can be higher.
3. Type of panel: The type of panel can also affect the cost of upgrading an electrical panel. Modern panels with advanced features and higher amperage capacity can be more expensive than older models.
4. Location: The location of the panel can also affect the cost of upgrading an electrical panel. In some areas, permits and inspection fees can be higher, which can add to the total cost of the installation.

Get in touch with Cogburn Electeric Inc. to learn more about the cost to upgrade an electrical panel!

In conclusion, upgrading an electrical panel is a necessary investment for homeowners who want to ensure the safety and efficiency of their electrical system. The cost of upgrading an electrical panel can vary depending on several factors, including the size of the panel, the complexity of the installation, the location of the panel, and the electrician's experience and expertise. While upgrading an electrical panel can be expensive, it is essential to work with a reputable and experienced electrician to ensure that the installation is done correctly and meets modern electrical codes.

At Cogburn Electric Inc., we specialize in electrical panel upgrades and offer competitive pricing, quality workmanship, and exceptional customer service. Contact us today to learn more about upgrading your electrical panel and to request a free estimate for your project. We are committed to helping our clients enhance the safety and efficiency of their electrical systems and providing top-notch electrical services that exceed their expectations.