Electrical panel replacement or upgrade is important for a variety of reasons and these are both for improving functionality and saving money in the longer run. If you too are a homeowner who is thinking about the basics involved in electrical panel replacement, then do check out the importance and an approximate cost involved in the same. We are going to give you a basic rundown about why electrical panel replacement is important and the base cost that you will have to spend for the same.
1. Improving Safety
The updated systems work better with safety hazards. If you notice any flickering of lights, crackling sounds, blown fuses or buzzing in your older system, contact electricians and get the system replaced to avoid any future mishaps.
2. To Improve Electricity Supply
If you have an outdated panel, chances are that it won’t be able to take the load of any modern electrical equipment that you might be using. Traditional panels are equipped to handle lesser amperes than modern equipments that often require twice the amperes than normal. If you are renovating your house then upgrade your panel. This way you will save money in any additional construction that might be required and also kill two birds with one stone.
3. To Prevent Tampering
Older models or fuse boxes are easier to tamper and therefore hold a potential safety hazard. There have been many pranks involving these fuse boxes that went horribly wrong because one misstep and these models can easily explode. To be on the safer side, it is an absolute necessity to replace these older electrical panel boxes.
4. Newer Electrical Panels Come With A Warranty
If you upgrade your electrical panel, then your newer model will come with a warranty period that will last for a year or so. This will help take care of any additional charges incurred in repairing or any malefactions.
The Costs Involved In Replacing Electrical Panel Completely
When we look at the various costs involved in replacing an electrical panel, the labor costs are a major chunk of what you will have to dish out. An experienced team of electricians can take up to ten hours to complete an installation and will charge you up to $80 per hour or less. To install a 200-Amp electrical panel, the average cost will come upto $3000 or less. Similarly, installing a 100 amp and 400 amp will cost $2,000 and $4000 respectively.
The Costs Involved In Moving Or Transporting an Electrical Panel
When you are shifting to a new house, the approximate costs of moving an electrical panel will vary between $1,500 and $2,000. The exact cost will depend on the following:
- The location of your panel which means where the panel is and will be installed—outdoor or indoor.
- The number of floors in your current house if electricians will need the stairs to move or transport your electrical panel.
- The total number of circuits that have to be transferred from one house to another.
- The code functionality and whether it allows the panel to be used as a junction point.
The above factors are in addition to other minor factors that your electrician might determine. For example, if a lot of labor is required or if additional rewiring or repairs are needed etc. The total cost will change and might differ from what is specified above.
The aforementioned are approximate amounts and installation costs depend on the state, the working conditions and the electrical professional that you have hired. The costs given above are in accordance with what the National Electrical Contractors Association have specified.