How to Estimate the Cost to Replace an Electrical Panel

What are the signs that tell you to Replace an Electrical Panel? An electrical panel is considered to be the central part of a project’s electrical system. It is a medium that distributes power from the main line to various circuits and wires throughout a residential or commercial property. An electrical panel plays a paramount role when it comes to the safety of a project. Once installed, it depreciates with time. It may need replacement because of the wear and tear. Therefore, it is important to understand the cost involved in the replacement of an electrical panel. 

Characteristics of an Electrical Panel

It is commonly known as a breaker box and a hub for a project’s electricity distribution. It gets power from the electrical companies and distributes it to the different parts of a project. A well-established Electrical panel is an essential part of a residence. The main characteristics of an Electrical panel are as follows:

• Size
• Enclosure Material
• Number of Circuit breakers

LEARN ABOUT THE KEY COST FACTORS TO REPLACE AN ELECTRICAL PANEL AS THIS ARTICLE PROVIDES AN EXTENSIVE GUIDE TO COSTS WHICH ENSURES THAT DECISIONS MADE ARE AS ACCURATE AS POSSIBLE.

Indications to Replace an Electrical Panel

It is an expert’s responsibility to check whether a replacement of an Electrical panel is needed. There are multiple scenarios where a replacement is required. The following are the scenarios:

Aging Electrical Panel

An expert is aware of all the aspects of an Electrical panel. Even if everything is maintained, things get depreciated with time. This also includes Electrical panels. According to the Electrician, one should check out the working of an Electrical panel once a year. It will give a general idea about when to Replace an Electrical Panel is required.

1. Improper Size

This is the part where you determine what size of electrical panel is suitable for your home. A 200 Amp Electrical panel is a standardised size. But if you want to Amp up your Electrical panel, then it is time to Replace an Electrical panel.

1. High Electrical Bills

If utility bills are higher than usual it means that it is time to Replace an Electrical panel. This may be due to Corrosion, weak, or rusted wiring.

What is the Average cost of replacing an Electrical Panel?

Replacing an Electrical panel falls in the range of $2100 – $2900. This is according to the Electrical Estimators Association. Also, other factors can affect the cost as well. These factors are as follows:

Level of Amperage

This is one of the major factors in the cost of an Electrical panel. Electrical panels that require high Amp will cost more and more breakers will be required.

• 100 amps will vary from $850 – $1600
• 200 amps will vary from $1200 – $2500
• 400 amps will vary from $1800 – $2400

Breaker type

In an Electrical panel the most commonly used types of breakers are as follows:

• Normal
• Tandem
• AFCI

How many circuits are there

To Replace an Electrical Panel, there are numerous circuits in the market. But the most frequently used are Tandem and AFCI breakers. Circuit breaker costs start from $8. Thus, most Electrical panels will have a mix-up of 15 to 20 Amp breakers. Their costs are as follows:

• 15 Amp breaker ranges from $8 – $9
• 15 Amp Tandem ranges from $15 – $16
• 15 Amp AFCI ranges from $65 – $70

Electrical Subpanel

This is an important tool that collects all the needs of electrical distribution in one panel. For a 100 Amp sub panel, its cost ranges from $400 – $1750.

Some additional costs when to consider to accurately estimate the cost to Replace an Electrical panel are:

Permit costs

A permit is always needed in both cases. Installing a new one or to Replace an Electrical Panel. A permit ranges between $100 – $300.

Labour Costs

Costs for Electricians per hour are $50 – $100. You can consult an Electrical Pricing Guide to get an idea about the cost of an electrician. 

Wiring

Sometimes replacing an electrical panel requires the installation of new wiring. An electrical panel is a starting point for all wiring. It ranges from $600 – $2300.

Above is a general cost layout for a residential-level project. Therefore it is certain that the size of the project matters. Residential estimating varies greatly when compared to Industrial Estimating Services. Thus, the prices will be immensely different when a project is commercial or industrial.

OUTSOURCE YOUR WORK TO A RELIABLE COST-ESTIMATING AGENCY SO YOU DON’T HAVE TO STRESS ABOUT MAKING THE RIGHT BUDGET FOR CONSTRUCTION PROJECTS!

End Comments 

In the end, to Replace an Electrical Panel depends upon various cost factors. Consider this a long-term investment as it provides safety for your residence. It is important to have a well-established Electrical panel. As it ensures that all the power demands are being fulfilled efficiently. This article outlines the most basic costs that must be considered when it comes to estimating an electrical panel. It is important not to compromise when it comes to the electrical systems of a project. Hiring a team of professionals ensures that safety is prioritized. They ensure the successful replacement of an electrical panel within set limitations for budget and time.