How Much to Replace an Electrical Panel: Complete Cost Guide

Swan Electric, Plumbing, Heating & Air

Are you experiencing frequent power outages or flickering lights in your home? It might be time for an electrical panel replacement. An outdated or faulty panel can be harmful and hazardous. However, before you embark on this project, it’s important to understand the cost of new electrical panel installation, how to choose the right panel size, and how to save money on the replacement.

Signs Your Electrical Panel Needs Replacement

Before discussing the cost of replacing your electrical panel, let’s identify the signs that indicate you might need an upgrade.

Tripped circuit breakers
Burning smells or smoke
Flickering lights
Buzzing sound

If you notice any of these signs, it’s time to call Swan Electric to evaluate the situation and determine if a panel upgrade is necessary.

What Electrical Panel Size Is Best For Your Home

Choosing the right electrical panel size is essential to ensure that your home’s electrical system can handle the power demand. An electric panel upgrade involves replacing your old panel with a new one that can handle a higher ampere rating. Common electrical panel sizes include 100 amps, 200 amps, and 400 amps, but the size that’s best for your home will depend on the size of your house and the number of electrical appliances and devices you have.

Cost To Upgrade Your Electrical Panel

The cost of a new electrical panel depends on several factors, including the panel size, brand, and installation cost. Here’s a breakdown of the cost of different electrical panel sizes:

Electrical Panel Size Chart

Note: These prices are estimates and can vary based on location, complexity of the installation, and other factors.

How to Save Money on Electrical Panel Replacement

If you’re concerned about the cost of electrical panel replacement, there are a few ways you can save money.

Saving for the future can help avoid financing costs and give you flexibility.
Wiring Replacement: In some cases, it may be more cost-effective to replace only the old wiring instead of the entire panel.
Calculating your electrical load can help you determine the appropriate panel size and avoid unnecessary upgrades or expenses.

How to Upgrade Your Electrical Panel

If you’ve determined that you need an electric panel upgrade, you can either hire a give us a call or try a DIY electrical panel replacement. However, for safety reasons, it’s recommended to hire a licensed professional to handle this type of project. The electrician will evaluate your electrical system, recommend the right panel size, obtain the necessary permits, and install the new panel. Swan Electric can give you the advice and information you need to replace your electrical panel. We can also help you choose the most cost-effective option for your home and budget.

Mistakes to Avoid When Replacing Your Electrical Panel

Replacing an electrical panel can be a complex project that requires expertise and safety precautions. To avoid costly mistakes, make sure you avoid hiring an unlicensed electrician, choosing an inadequate panel size, and failing to obtain necessary permits and inspections.

DIY Electrical Panel Replacement vs. Hiring a Licensed Contractor

While it’s possible to replace your electrical panel yourself, it’s important to consider the risks involved. Unless you have significant experience and knowledge of electrical systems, it’s recommended to hire a licensed electrician to ensure the job is done safely and correctly.

Here are a few of the risks associated with DIY panel replacement:

Electrical work can be extremely dangerous, and mistakes can lead to electrocution, fires, and other hazards.
Incorrectly installed electrical panels can cause damage to your appliances, electronics, and other equipment, leading to costly repairs or replacements.
DIY installation may not meet local building codes or safety regulations, which can lead to legal issues and fines down the line.
Electrical work requires specialized tools and equipment, which can be costly to purchase or rent if you don’t already have them.
Even if you think you’ve successfully replaced your electrical panel, there may be hidden issues or damage that only a licensed electrician can identify and fix.
Insurance companies may not cover damages caused by DIY electrical work, leaving you financially responsible for any resulting repairs or replacements.

Factors That Affect Installation Cost

Several factors can affect the cost of electrical panel replacement:

Complexity of the installation
Location of your electrical panel
Condition of your wiring
Outdated or damaged wiring may require upgrading, which can add to the overall cost

The True Electrical Panel Replacement Cost

To determine the cost of electrical panel replacement, consider factors such as the size and brand of the panel, as well as the cost of installation. While it may seem like a significant investment upfront, replacing your electrical panel can improve the safety and efficiency of your home’s electrical system. To ensure a successful project, it’s recommended to hire a licensed electrician, choose the right panel size, and avoid common mistakes. If you’re considering an electrical panel replacement, contact us at Swan Electric for an estimate and more information on electrical panel replacement for your home.

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