Is it time to replace your electrical panel? Most homeowners do not give their home’s circuit panel a second thought. While it may not be on your mind, even the best panels have a limited lifespan. Most last for 25-40 years. However, if you have frequent power surges or tripped breakers, you may need to upgrade it sooner. But how much will it really cost you to install a new electrical panel? Keep reading to find out about costs to replace an electrical panel.
The Cost of a New Circuit Panel
How much will it cost you to install a new electrical panel? It depends. Your home’s amperage requirements, location, and accessibility all play a role. The price could range from $1,000 up to $4,500.
Electricians measure circuit panels by amperage or amps. The more amps, the higher the price. A small 100 amp panel may only cost $1,000-$1,500 to install. But if your home requires a larger 400 amp panel, expect to pay $3,000-$4,500.
Installations also vary depending on where you live. Labor costs vary from city to city. Even your existing panel’s accessibility may play a role. If the electrician has to crawl under your house to reach the panel, expect to pay a premium.
Is a New Electrical Panel Worth the Cost?
Major renovations to your home’s electrical system aren’t cheap. But do you actually need to spend the money, or can it wait? In most instances, upgrading your panel sooner than later is the best choice. Here’s why:
- It reduces the risk of fire. Aworn-out panel can send your home up in flames. And all it takes is one faulty wire and a single spark to start an electrical fire.
- It provides more reliable power. Older electrical panels often don’t meet the demands of modern-day technology. Overloading the system will trip the breakers. Instead of dealing with constant power outages, replacing the system is a better option.
- It lets you add extra circuits. Depending on your home’s age, the existing panel may not have enough circuits to power all your electrics and appliances. An electrician can install a larger panel to make up for this deficit.
The money spent on an upgraded panel is a wise investment. Not only will it improve the safety of your home, but you’ll also be able to enjoy the latest technology without overwhelming the system.
Expert Panel Installation in Your Area
When the time comes to replace your circuit panel, only the best will do. The expert electricians at Kalahari Electric have decades of combined experience. Our team goes above and beyond to provide exceptional service, and we always stand behind our work. You can count on us for upfront pricing and same-day service, and we’ll even complete the job with little to no interruption to your home or business.
Tired of dealing with tripped circuits? Schedule service with Kalahari Electric to find out the cost to replace an electric panel in your home.